Venezuela seizes oil fields from European firms
Tagged: Hugo Chavez, RSS, Venezuela“Venezuela has seized control of oil fields from France’s Total SA and Italy’s Eni SPA in a show of force against those resisting President Hugo Chavez’s efforts to pry more profits from the industry at a time of high oil prices.
The move signals that Mr. Chavez’s government is ready to send top oil companies packing unless they play by Caracas’s new rules, but experts say the tactic could backfire by spooking partners Venezuela needs to develop potentially some of the world’s largest untapped reserves.”
SOURCE: in English / Fuente en Ingles
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Posted on:
April 5th, 2006
FUENTE TRANDUCIDO: Usando Google o Altavista/Babel Fish
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Curation from Tomás
Filed Under: 1. Hispanic News, International
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