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The Venezuelan National Assembly will begin debating a law Aug. 27 that would give the government control over gasoline distribution throughout the country. The law is the next step in imposing government control of the energy industry in Venezuela, where consolidation of the upstream sectors (e.g., extraction and technical/logistical support operations) has already been completed. The latest move threatens to undermine the viability of the gasoline network by forcing the country to rely on the increasingly burdened Venezuelan state-owned oil company Petroleos de Venezuela (PDVSA).

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November 20, 2008 | 1849 GMT

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