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Venezuela – Hugo Chavez – 11 US owned oil rigs to be nationalized

Venezuela

Legislature has voted to nationalize 11 oil rigs owned by the US firm Helmerich & Payne

Hugo Chavez

Hugo Chavez

The rigs, located in Monagas, Anzoategui and Zulia states, will be taken over by state oil giant Petroleos de Venezuela (PDVSA)

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