(Reuters) - President Hugo Chavez decreed the takeover of four
foreign-run, joint venture heavy crude upgrader projects to
ensure the state oil company had at least a 60 percent stake in
each.
Chevron negotiated to stay on in its project, which is
known as Ameriven. But ConocoPhillips last month decided to
leave the OPEC nation and seek compensation for its loss of
assets.
Read more at Reuters.com Bonds News
foreign-run, joint venture heavy crude upgrader projects to
ensure the state oil company had at least a 60 percent stake in
each.
Chevron negotiated to stay on in its project, which is
known as Ameriven. But ConocoPhillips last month decided to
leave the OPEC nation and seek compensation for its loss of
assets.
Read more at Reuters.com Bonds News
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