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Venezuela's Boscan Oilfield Shut by Protest, Universal Reports

By Steven Bodzin

Feb. 19 (Bloomberg) -- Venezuela's Boscan oilfield, which typically produces 108,000 barrels a day, suspended operations yesterday after a worker protest, El Universal reported.

About 200 oil workers blocked the road to the field, preventing about 750 workers from reaching their posts, the newspaper said, citing Rafael Ramirez, a member of the oil workers' union.

The field is run by a joint venture called Petroboscan, which is 60 percent owned by Petroleos de Venezuela SA and 39.2 percent by San Ramon, California-based Chevron Corp. Venezuelan oilfield service company Inelectra Saca holds the remainder, according to the Petroleos de Venezuela Web site.

To contact the reporter on this story: Steven Bodzin in Caracas at sbodzin@bloomberg.net.

Last Updated: February 19, 2008 10:31 EST

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