According to PDVSA's own figures, the western division has consistently produced about 100,000b/d below its goal of 1Mb/d-plus.
In his new post, Parada will have to deal with international oil majors such as Chevron (NYSE: CVX) and Brazil's Petrobras (NYSE: PBR), which partner PDVSA in several projects in the region. Also he has received a mandate to double production by 2012 but, according to reports, lacks the natural gas to do so.
Theft at western division installations is so serious a problem that the military had to set up a special task force, Oro Negro (Black Gold), to deal with it.
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