Conoco says Venezuela controls its operations there
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ConocoPhillips on Tuesday said Venezuela assumed control of its operations in the country after it was unable to reach an agreement with the government over the nationalization of two multibillion-dollar oil projects.
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Venezuela's state petroleum company PDVSA said Tuesday it suspended oil supplies to ExxonMobil in retaliation for the US energy giant's effort to freeze billions of dollars in global PDVSA assets.
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CARACAS, Venezuela, Feb. 17 -- President Hugo Chavez sent a soothing message to American motorists on Sunday, saying Venezuela is not preparing to cut off oil shipments to the United States.
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Venezuela's top court on Friday ordered the Defense Ministry to take control of installations of an opposition television station amid a show of military force before the station's controversial closure.
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CARACAS, Venezuela  - The U.S. government must  respect Venezuela's sovereignty and stop meddling if it wants  to improve ties with its fourth-largest oil supplier, Foreign  Minister Ali Rodriguez said on Wednesday.
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CARACAS, Venezuela  - Venezuelan state oil company PDVSA on Saturday said an "operational event" had affected a unit of the 640,000 barrel per day (bpd) Amuay refinery.
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CARACAS, Venezuela -- President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets.
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CARACAS, Venezuela  - Venezuelan-controlled Citgo   Petroleum Corp. said news of an old business deal ending   gasoline sales to convenience chain store 7-Eleven Inc. was   exploited for political gain against President Hugo Chavez.
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With the backing of President Hugo Chavez, Venezuela is setting up a state-owned telecoms firm to challenge dominant foreign owned operators.
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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy crude projects of the Orinoco Belt "within months".
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Exxon Mobil Corp has moved to freeze up to $12 billion in Venezuelan assets around the world as the U.S. company fights for payment in return for the state's takeover of a huge oil project last year.
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PetrÃ³leo Brasileiro, the Brazilian energy company known as Petrobras, canceled a meeting of its executives and Bolivian government officials after Bolivia took steps this week to take over the companyÂs oil operations in the country. Petrobras said the Bolivian measures, which included the takeover of two refineries, the only ones in Bolivia, and its distribution system, would render its Bolivian operations Âunviable.Â The meeting had been scheduled for Friday.
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Armed men have seized control of an oil complex in southern Nigerian owned by a subsidiary of Royal Dutch Shell PLC, authorities said Friday.
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Venezuelan President Hugo Chavez on Saturday touted the fuel facilities and public works projects his government has built in the Caribbean in an effort to make inroads in a region where the U.S. has long been dominant.
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Exxon Mobil Corp. and ConocoPhillips refused to sign deals Tuesday to keep pumping heavy oil under tougher terms in Venezuela's Orinoco River basin, signaling their departure from one of the world's largest oil deposits.
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The Venezuelan leader wants to export more oil to China
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Moscow, 29 September: LUKoil and ConocoPhillips are to carry out joint work in Iraq, LUKoil vice-president Leonid Fedun told journalists today immediately after the sale at auction of the state package of shares in LUKoil.