World News and Views :: Top of the News
Venezuela’s Chávez Expropriates Venoco, Fertinitro Assets
8:36 AM MDT | October 12, 2010 | Kara Sissell
Venezuela’s president Hugo Chávez says the government has expropriated the assets of lubricants firm Industrias Venoco (Maracaibo) as well as the privately held portions of fertilizer firm Fertinitro in order to better serve the people of Venezuela. The nationalization of Industrias Venoco and its affiliate companies will enable the government, through state owned oil company Petróleos de Venezuela (Pdvsa), to significantly lower the prices of lubricants, additives, and other automotive products which affect Venezuelans’ cost of...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee