Pequiven Details Operational Changes in Response to Power Rationing

Venezuela’s state petrochemical company Pequiven (Caracas) says it will continue operations at its three major petrochemical complexes, although it is studying the possibility of planned shutdowns for certain product lines, focusing on those with enough inventory to meet contract obligations. The measures are needed to meet the requirements of a recent power-rationing directive by Venezuelan president Hugo Chávez.   Pequiven will guarantee supply of raw materials, olefins, plastics, and fertilizers to its domestic and international clients while...

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