Hugo Chávez moves to seize oil contractors' assets

05/08/2009 8:48 AM

05/08/2009 9:29 AM

Venezuela's President Hugo Chávez said Thursday his government will seize the local assets of some international oil-service companies starting Friday -- a response to threats by several firms to stop their work in Venezuela because of nonpayment of bills owed by state-run oil giant Petróleos de Venezuela SA.
Click here for full story

Join the Discussion

Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service