PDVSA privatization priority for coup conspirators
Posted: Thursday, August 1, 2002
The privatization of Petroleos de Venezuela (PDVSA) was a top priority for April 11 coup d'etat conspirators. According to some analysts, the Bush II Clan and Spain’s Repsol oil co would have been the main beneficiaries and PDVSA’s US subsidiary Citgo would have gone to media mogul Gustavo Cisneros and US partners.
It adds up, analysts say, if one takes into account the prosecution attempt by the opposition against President Hugo Chavez for the selling cheap oil to Cuba, the importance of Venezuelan oil to the USA and the role of PDVSA executives in creating a conflict that snowballed into a massive march on Miraflores that ended in disaster. MORE