Venezuela’s Chavez seeks control of gas projects
From Reuters
Venezuelan President Hugo Chavez recommended that the state take control of natural gas projects as part of his intensified program of nationalization.
Venezuelan law allows foreign companies to own gas projects in the country, but Chavez proposed a legislative change.
Taking control of the gas sector could affect companies such as Chevron Corp. and Norwegian petroleum company Statoil.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.