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Is a PDVSA restructuring looming closer?

PDV station, a subsidiary of PDVSA, in downtown Caracas/Shutterstock.com/testing

An internal company proposal has suggested a restructuring of Venezuelan state-owned oil company PDVSA, which would privatise various company assets and allow private investors to hold larger shares in oil fields. While this pitch is welcomed by the legal and business community, there is a long list of economic, legal and political hurdles that must be overcome before anything can be put into practice.

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