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's President Chavez says he wants the state to take over oil projects on the Orinoco Belt by May.
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By Pascal Fletcher CARACAS, Venezuela  - Venezuela on Sunday slappedhigher taxes on foreign oil companies operating in its hugeOrinoco heavy crude belt in what President Hugo Chavez called adrive to tighten sovereign control over 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.
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Venezuelan President Hugo Chavez on Thursday set a May Day deadline for the world's biggest oil firms to surrender their control of multibillion-dollar crude projects, speeding up nationalizations a day after receiving powers to rule by decree.
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CARACAS, Venezuela  - Venezuela on Sunday ordered  foreign oil firms operating in its huge Orinoco heavy crude  belt to pay much higher taxes in what President Hugo Chavez  called a drive to tighten sovereign control over petroleum  resources.
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Venezuelan President Hugo Chavez offers neighbouring states the option to pay for oil with local produce.
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Venezuela's Congress delayed by a day on Tuesday its vote to give President Hugo Chavez decree powers enabling him to nationalize oil and utility assets and press his drive to turn Venezuela into a socialist state.
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Some oil majors have rejected Venezuela's terms for the takeover of their multi-billion dollar projects and can leave the OPEC nation, President Hugo Chavez said on Friday, days before a deadline for nationalization deals to be concluded.
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Venezuelan President Hugo Chavez said Wednesday that his oil-rich nation will sign major arms deals in Moscow to acquire Russian fighter jets and produce Kalashnikov assault rifles, and he slammed U.S. criticism of the weapons sales.
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Venezuelan President Hugo Chavez wants to merge his coalition partners into a single party.
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Russian oil giant Lukoil Holdings is planning a &#36;1 billion joint investment with Venezuela's state-run oil company, a top Lukoil official said Thursday.
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President Hugo ChÃ¡vez of Venezuela wrapped up a four-day visit to China on Sunday with agreements that promise to open Venezuela&#39;s oil and natural gas fields to China.
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The Venezuelan state buys the country's leading private power firm as its public ownership drive continues.
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Venezuela has agreed to sell gasoline to Iran, the South American county's energy minister said in comments published Tuesday, a week after the Islamic country imposed a fuel rationing program that has sparked violence.
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The word's fifth largest oil exporting nation, Venezuela, signs an oil deal with South American neighbour, Paraguay.
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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.