"Event" affects Venezuelan oil refinery
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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 -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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U.S. drivers could be among those affected by Venezuela's increasing disarray.
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Venezuelan President Hugo Chavez and his nation's oil wealth Â not Fidel Castro Â will likely be the star attraction Friday as Caribbean leaders gather in Cuba for a regional oil summit.
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NYMEX crude oil futures soared to a  record of $46.90 a barrel on Monday on concerns about possible  unrest and disruption to oil supply as Venezuelans voted in  large numbers on whether to recall President Hugo Chavez.
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Federal safety investigators headed for  a Texas refinery on Saturday, a day after an explosion and fire  shut the plant operated by leading U.S. refiner Valero Energy  Corp., a government spokesman said.
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CARACAS, Venezuela  - Venezuelan President Hugo  Chavez froze ongoing bilateral accords and energy deals with  Colombia on Friday in retaliation for the abduction of a  leading Colombian Marxist rebel from Venezuela.
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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 oil projects of the country's Orinoco Belt by May 1.
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President Hugo Chavez ordered by decree on Monday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region.
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French oil major Total  fears Venezuela's drive to take over complex heavy oil projects run by foreign oil companies in the Orinoco belt could lead to operational problems, chairman Thierry Desmarest said on Tuesday.
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Federal safety investigators headed for a Texas refinery on Saturday, a day after an explosion and fire shut the plant operated by leading U.S. refiner Valero Energy Corp., a government spokesman said.
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President Hugo Chavez on Sunday threatened to cut off oil sales to the United States if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets.
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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 oil projects of the country's Orinoco Belt within months.
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CARACAS, Venezuela  - Six Venezuelan soldiers and  an oil engineer were killed when an armed group attacked a  military patrol and state oil company employees near the border  with Colombia, Venezuela's defense minister said.
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Oil company reachs deal over 2005 refinery explosion, oil spill and propane price-fixing.
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SUNRAY, Texas - A small fire continued to burn Saturday morning at a west Texas refinery a day after an explosion injured 19 people and produced a billowing cloud of smoke that could be seen 60 miles away. No deaths were reported and all employees at the Valero Energy Corp.
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US oil giant Exxon Mobil is seeking arbitration over a stand-off with Venezuela about seized oil assets.