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Tuesday, February 14th, 2012

Posts Tagged ‘ Domestic Oil ’

Venezuela’s Oil Production Squeezed by Chavez’s Heavy Hand

May 13th, 2009 | By Mike Caggeso | Category: Financial News, International Investing

Venezuela’s oil production is already below 1997 levels, but could fall significantly lower as the country’s president, Hugo Chavez, has alienated oil service companies by refusing to pay their fees, and in some cases, seizing their assets.