President Hugo Chavez has ordered the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.
By NATALIE OBIKO PEARSON -- Associated Press
Feb. 26, 2007 -- President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.
Chavez had previously announced the government's intention to take a majority stake by May 1 in four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp., Chevron Corp., ConocoPhillips Co., Total SA and Statoil ASA.
He said Monday that has decreed a law to proceed with the nationalizations that will see state oil company Petroleos de Venezuela SA, or PDVSA, taking at least a 60 percent stake in the projects.
"The privatization of oil in Venezuela has come to an end," he said on his weekday radio show, "Hello, President." "This marks the true nationalization of oil in Venezuela."
By May 1, "we will occupy these fields" and have the national flag flying on them, he said.
more
www.malaymail.com/news/world/2026/01/11/bomb-attac…
BANGKOK, Jan 11 — A series of late-night bomb attacks targeted 11 PTT petrol stations in Thailand’s southern border provinces of Narathiwat, Pattani and Yala…
www.khaama.com/at-least-eight-refugees-die-37-resc…
At least eight refugees died and 37 were rescued when their boat sank off Badmeli near Izmir, Turkish authorities said on Saturday.
katu.com/news/local/oregon-confirms-first-measles-…
Health officials in Oregon have confirmed the state's first measles cases of 2026, with two people diagnosed in Linn County.
abc11.com/post/measles-north-carolina-state-report…
Measles in North Carolina: State reports 5th case linked to South Carolina surge
