PDVSA to Transfer Petropiar Shares to CVG, Chavez Says

Venezuelan President Hugo Chavez said that Petroleos de Venezuela SA, the state oil company, will transfer shares from Petropiar, a joint venture with Chevron, to state miner Corporacion Venezolana de Guayana to form a new oil company called Petro San Felix.

To contact the reporter on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net

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