President Chavez Frias swears in new PDVSA board

www.vheadline.com Posted: Friday, March 07, 2003 By: Robert Rudnicki

President Hugo Chavez Frias has sworn in a new board of directors for Petroleos de Venezuela (PDVSA), which will now oversee the restructuring of the company into PDVSA East and PDVSA West.

Ali Rodriguez Araque will remain as company president, while the remainder of the board will be made up of Aides Barreto, Luis Marin, Nelson Nunez, Dexter Rodriguez, Felix Rodriguez, Rafael Rosales and Luis Vielma.

According to the President the selection of the board follows a "difficult, tense and traumatic process, which we are now coming to the end of."

The President said that PDVSA would no longer be able to build on its own agenda, ignoring the realities of the country.