It is understood that Opec head Ali Rodriguez is to step down to become Presiden ...

It is understood that Opec head Ali Rodriguez is to step down to become President of Venezuela’s state-owned oil firm PdVSA. Rodriguez, who became Opec head in 2001, has allegedly given in to increasing pressure from Venezuelan President Hugo Chavez to take charge of the state-owned monopoly. PdVSA has led the opposition to Chavez's government, which saw him temporarily ousted last week.

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