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Regions :: South America :: Venezuela

Venezuela Moves to Nationalize Petrochemical Sector

11:41 AM MDT | June 5, 2009 | Kara Sissell

Venezuela’s National Assembly has advanced a law to nationalize petrochemical plants, and will allow foreign investment in petrochemicals only if Pequiven has a majority stake in the project. The law is expected to easily pass the National Assembly by...

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