Venezuelan state not to expropriate gas stations

PDV brand back at gas stations in Venezuela

The Organic Law on Rearrangement of the Domestic Market of Liquid Fuels, to be passed in a first session next Wednesday, does not provide for seizure of the gas stations operating in the country, reported Deputy Ángel Rodríguez, the chairman of the Commission of Energy and Mines, National Assembly (AN).

The congressman explained that the legal instrument reserves for the state the role of middlemen for supply of liquid fuels, particularly transportation, reported state-run news agency ABN.

"The bill does not state compulsory transfer of these outlets to community councils. The Bolivarian government expects these partnerships to play a significant role in this activity. It will be a gradual change, and one of the alternatives under study is the assignment of the management of new gas stations or any current stations property of the state," said Rodríguez.

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