Chavez takes over Venezuela's private oil fields

By
May 2, 2007 04:57

Venezuelan President Hugo Chavez's government took over the country's last privately run oil fields Tuesday, intensifying a power struggle with international companies over the world's largest known petroleum deposit. Newly bought Russian-made fighter jets streaked through the sky as Chavez shouted "down with the US empire!" to thousands of red-clad oil workers, calling the state takeover a historic victory for Venezuela after years of US-backed corporate exploitation.


Related Content

April 22, 2018
Naked gunman kills 3 in shooting at waffle restaurant in Nashville

By REUTERS

Israel Weather
  • 12 - 25
    Beer Sheva
    15 - 22
    Tel Aviv - Yafo
  • 10 - 21
    Jerusalem
    15 - 22
    Haifa
  • 17 - 30
    Elat
    15 - 28
    Tiberias