(Bloomberg) -- Petroleos de Venezuela SA, the state
oil company that controls the biggest reserves in South America,
may begin making shoes, building ships and farming soybeans as
President Hugo Chavez widens the government role in the economy.
Chavez has approved the creation of seven subsidiaries that
range from oil services to agriculture, according to a written
report to the company's management. The plan would make Petroleos
de Venezuela an even bigger force in the country's daily life and
put it in competition against companies from around the world.
Read more at Bloomberg Energy News
oil company that controls the biggest reserves in South America,
may begin making shoes, building ships and farming soybeans as
President Hugo Chavez widens the government role in the economy.
Chavez has approved the creation of seven subsidiaries that
range from oil services to agriculture, according to a written
report to the company's management. The plan would make Petroleos
de Venezuela an even bigger force in the country's daily life and
put it in competition against companies from around the world.
Read more at Bloomberg Energy News
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