Venezuela to nationalize power company
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President Hugo Chavez's government moved to nationalize Venezuela's largest private electric company on Thursday, signing an agreement to buy a controlling stake in Electricidad de Caracas from its U.S.-based owner, AES Corp.
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Venezuela plans talks with Panama next week on a proposal to pump oil through a Panamanian pipeline to the Pacific in order to cut shipping costs to China, the Venezuelan foreign minister said Wednesday.
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Venezuela is studying buying Russian submarines that would transform the South American country into the top naval force in the region, a military adviser to President Hugo Chavez said Thursday.
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Venezuelan President Hugo Chavez has agreed with London Mayor Ken Livingstone to send cheap oil to London in exchange for the capital's expertise in a range of public services, The Guardian has reported.
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Hugo Chavez is due to be declared the winner of Venezuela's presidential poll in a ceremony.
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December 25, 2004âPresident Chavez said that Venezuela will offer China greater access to Venezuelan resources, such as oil, natural gas, and related products, in an effort to reduce Venezuelan dependency on the US market.
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The French state-owned company Gaz de France announced that it would merge with the utility Suez to create one of the worldâs largest energy groups.
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Venezuela said on Thursday U.S. oil giants ConocoPhillips  and Chevron  had agreed to cede by May 1 the operations of multi-billion dollar projects in the Orinoco heavy crude belt.
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Venezuelaâs government agreed to buy the stake held by Verizon Communications in CompaÃ±Ã­a AnÃ³nima Nacional TelÃ©fonos de Venezuela for $572 million.
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BEIJING The Venezuelan president, Hugo ChÃ¡vez, finished a four-day visit to China during the weekend in which he signed agreements that promise to open China&#39;s access to Venezuela&#39;s oil and natural gas fields.
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Venezuela's oil operations and cash  flows have not been affected by court orders won by Exxon Mobil  Corp  to freeze up assets as the U.S. giant fights for  compensation for a project nationalized last year, the nation's  energy minister said on Friday.
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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 is buying helicopters, boats and military transport planes in defense deals worth about &#36;2.7 billion, modernizing its military as tensions grow between leftist President Hugo Chavez and the United States.
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Venezuela is to review all foreign investment in raw material production in an effort to boost its own industrial capacity.
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The city of London has signed an agreement with Venezuela to import cut-price petrol for its buses in return for offering its expertise on protecting the environment.
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Venezuelan President Hugo Chavez is ordering foreign oil companies to pay much higher taxes, in a move to tighten state control over his country&#39;s vast petroleum resources.
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Colombia agreed Wednesday to allow Venezuelan President Hugo Chavez to send his planes and helicopters into its territory to pick up three hostages who have been held for years by leftist rebels.