Tuesday, 26 June 2007

UPDATE 1-Venezuela confirms takes over Conoco oil project

(Reuters) - State oil company PDVSA did not specify what would happen to
Conoco's stake in its other Orinoco project, Ameriven. A source
close to the company on Monday told Reuters Conoco was going to
quit the OPEC nation entirely.




PDVSA added Statoil , BP Plc , Total
and Chevron Corp. had signed deals to stay on in
Venezuela, taking minority stakes in their Orinoco projects.


Read more at Reuters.com Bonds News

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