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Oilrigs

Venezuela to Nationalize 11 Oilrigs Owned by US Oil Company

President of Venezuelan state oil company PdVSA made it clear to private corporations that they must abide by his country´s law

The head of the Venezuelan state oil company PdVSA declared yesterday that the government is to nationalise 11 oilrigs previously operated by a US petroleum firm after the company closed down production and refused to negotiate a new services agreement.

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