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Commercial News
8/28/2008 6:52:32 AM EST
Commercial & General Business Transactions Staff
Venezuela moves to nationalize fuel distribution
CARACAS, Venezuela –- (AP) President Hugo Chavez said Wednesday that wholesale gasoline sales by private companies in Venezuela will soon disappear after his congressional allies pass a bill nationalizing the business.
 
Under the measure, which received initial approval in the National Assembly on Wednesday, state-run oil company PDVSA will control Venezuela's fuel distribution network . . . .
 
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