Chavez: Venezuela will get $1.5 billion moreAdditional income will come from return of 32 privately operated fields to state control; government has also audited companies Natalie Obiko Pearson Associated Press Business Writer
President Hugo Chavez said Jan. 20 that Venezuela expects to reap an additional US$1.5 billion this year in oil income with the return of 32 privately operated oil fields to state control.
This “shows how important it is that a country manages its strategic resources,” Chavez said in a nationally b....
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New state-controlled JVs required Chavez: foreign companies have looted Venezuela
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