Venezuela government seizes key oil assets

Rainbow Nelson - Friday 8 May 2009

Rafael Ramirez

THE Venezuelan government has seized control of key assets in Lake Maracaibo as part of the nationalisation of service providers to the oil industry, including the port’s leading tug operators.

Soldiers have occupied key installations on Lake Maracaibo and today state-owned oil company PDVSA began to take control of a fleet of 300 supply ...

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