In the latest showdown between western oil companies and Venezuela’s populist president, Exxon Mobil is widely seen as the loser, after the Paris-based International Chamber of Commerce (ICC) ruled that the world’s biggest oil company would not be entitled to most of the damages it demanded after its fields were nationalised.
By Ewan Robertson - Venezuelanalysis.com, Dec 19th 2011
A further 1,723 subcontracted workers are to be incorporated onto the state payroll in Venezuela´s nationalised steel plant Sidor, Venezuelan Vice-president Elias Jaua announced on Friday. He further confirmed that two other companies, Grafitos del Orinoco and Sidetur, will be nationalised by the end of the year.
Venezuelan president Hugo Chávez has ordered the immediate nationalisation of the British agricultural company Agroflora - a subsidiary of Britain’s Vestey Group which focuses on the commercial production of beef.
Venezuelan president Hugo Chávez announced that “illegal houses” on the Venezuelan archipelago Los Roques would be expropriated and converted into low-cost hotels for poorer Venezuelans this Sunday.
Yesterday Venezuelan President Hugo Chavez used his standing legislative authority to sign into law a new price control mechanism aimed at putting an end to speculation and hoarding.
Cooke responds to Les Blough's critiques of his original article, asking if the revolution in is Venezuela stable enough to enjoy indefinite time, or are there warning signs - including widespread dissatisfaction among working people and the poor - that could quickly undo the revolution.
President Chávez practices the Property of the Homeland concept which is superior to the concept of Social Property. He wraps it, and he gives it meaning. He makes it more human, more understandable and he brings it closer to the people’s souls.
Venezuelan Vice President Elías Jaua has announced a three-stage plan to hand over thousands of recently nationalized apartments to the victims of fraud committed by the former private owners.
Over the weekend, Venezuelan Vice President Elias Jaua announced the nationalization of one transportation company and one textile company. Meanwhile, workers at TAUROGAS occupied the gas company’s central distribution center on Saturday and demanded its immediate nationalization.
Venezuelan President Hugo Chávez announced on Sunday the expropriation of Siderúrgica del Turbio (Sidetur), a major producer of steel used in the construction of homes, bridges, and other infrastructure and public works. The president also announced government interventions in several large housing developments.
