Oil Production Falls in Venezuela Under Chavez

Discussion in 'General Global Topics' started by Toro, May 31, 2009.

  1. Toro
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    Toro Diamond Member

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    And will continue to fall with the seizures of drilling equipment owned by private interests given that PdVSa was unable to pay its debts.

    FT.com / Reports - Latin America: Revolution that killed the fabled golden goose
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    For confiscating company assets during a wave of nationalizations...
    [​IMG]
    Panel rules Venezuela won't have to pay $1.4B to Exxon Mobil
    Mar. 10, 2017 | WASHINGTON (AP) — A World Bank arbitration panel has determined that Venezuela will not have to pay $1.4 billion to Exxon Mobil Corp. for confiscating company assets during a wave of nationalizations.
     

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