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Caracas, Tuesday July 29 , 2008  
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Enarsa's gas stations go to Pdvsa

A plan by Argentinean energy utility Enarsa and Venezuelan state-run oil company Petróleos de Venezuela (Pdvsa) for a joint network of 600 gas stations throughout Argentina will be left pending.

Over the next days, the two only outlets of the joint venture will be transferred to Pdvsa, reported on Monday the Buenos Aires press.

According to Enarsa sources quoted by daily newspaper Crítica and released by Efe, the reasons for the "divorce" include different views and ways of management, in addition to low profitability of fuels in Argentina, where the market is regulated.

In February 2005, when the first joint gas station opened in Buenos Aires, Venezuelan President Hugo Chávez expressed his government intention to open 600 outlets based on a USD 1.5-billion investment.


 
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