Chavez takes over foreign-controlled oil projects in Venezuela

  • Chavez takes over foreign-controlled oil projects in Venezuela

    Chavez takes over foreign-controlled oil projects in Venezuela

    Tuesday, 1st May 2007
    Venezuelan President Hugo Chavez seized control of the last remaining oil projects in Venezuela controlled by large American and European energy companies. The move to take over the projects, announced in January, is the centerpiece of recent actions aimed at consolidating his government’s control over the economy.