February 7, 2005

While the President of PDVSA follows up Chavez’s statements about
buying up the properties of Shell in Argentina in today’s El
Universal, Shell is saying in the international press that they are
not leaving Argentina:

http://today.reuters.co.uk/News/newsArticle.aspx?type=businessNews&storyID 05-02-06T143819Z_01_JON652633_RTRUKOC_0_ENERGY-ARGENTINA-SHELL.xml

It seems that all of these negotiations via the media and telling
Chavez things that are being discussed is not a very good strategu for
PDVSA, no?

From the interview with the President of PDVSA, I can only say one
thing, when asked by the reporter why PDVSA’s training institute was
shut down the answer is that it was too big. Well, if it was too big,
you scale it down, not shut it down. A company like PDVSA needs to
have internal training for its personnel every single day, it is
cheaper to do it in house than to send people outisde. There can be no
justification for shutting it down. It’s just political, as usual.

This entry was posted on February 7, 2005 at 12:03 pm and is filed under Uncategorized.

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