CARACAS, Venezuela - President Hugo Chavez said Thursday that soldiers will accompany government officials when they take over oil projects in the Orinoco River basin next month.
Chavez has decreed that Petroleos de Venezuela SA, or PDVSA, will take a minimum 60 percent stake in four heavy-oil projects in the Orinoco River region and invited the six private companies operating there to stay on as minority partners.
"On May 1 we are going to take control of the oil fields," Chavez said. "I'm sure no transnational company is going to draw a shotgun, but we will go with the armed forces and the people."
The projects — run by BP PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips, France's Total SA and Norway's Statoil ASA — upgrade heavy, tar-like crude into more marketable oils and are considered Venezuela's most promising. As older fields elsewhere go into decline, development of the Orinoco is seen as key to Venezuela's future production.
Negotiations over the takeover have yet to yield an agreement and are expected to be difficult as the companies seek a deal that takes into account more than $17 billion in investments and loans related to the projects.
Chavez has been given special powers by congress for 18 months to issue laws by decree in energy and other areas, which he has also used to nationalize the country's biggest telecommunications company and electricity company.
Chavez has justified the nationalizations as necessary to give the government control of sectors strategic to Venezuela's interests.
4 comments:
I like the red cap. He needs some lettering on the back to say, Que onda, George?
What if history hasn't stopped?
What if the clash comes not between but within civilizations?
There is no "between" left to be clashed within (ouch).
France Escort Guide est le site où vous pourrez revenir plusieurs fois par jour pour voir les nouvelles girls inscrites près de chez vous pour des rencontres les plus chaudes. Si vous rencontrez ou voyez une annonce d'escort qui ne correspond pas à la réalité, n'hésitez pas nous contacter, nous ferons notre possible pour n'avoir que des vraies annonces pour faire de vraies rencontres coquines. Jouissez d’une rencontre agréable grâce aux services d’une escort girl.Une telle rencontre coquine peut être motivée par de nombreux motifs, la sexualité n’est pas toujours citée en première position. Il est tout à fait envisageable de bénéficier d’une rencontre coquine sans aucune intimité spéciale. Escort Guide
This is an incredible rousing article.I am basically satisfied with your great work.You put truly exceptionally accommodating data... VIP Romanian Escorts
Post a Comment