Venezuelan candidate: More freedom in oil sector

April 29, 2006 02:53

A Venezuelan presidential candidate said Friday that private companies should have more freedom in their investments in the country's oil industry, while the government should take a step back. Julio Borges, a 36-year-old conservative lawyer and opposition leader, said government involvement in the energy sector is healthy but with limits. "Venezuela needs to completely reopen its energy sector to foreign and local companies so they compete on a level playing field with the government," Borges said in an interview.

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