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Hugo Chavez

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  • Chavez's Government Seizes Irish Company's Land Friday, 6 Mar 2009 | 3:57 AM ET

    President Hugo Chavez said Thursday that his government has seized land owned by an Irish cardboard maker as part of a sweeping agrarian reform initiative.

  • Chávez Allows West to Make Oil Bids as Prices Plunge Thursday, 15 Jan 2009 | 10:16 AM ET
    Hugo Chavez

    President Hugo Chávez, buffeted by falling oil prices that threaten to damage his efforts to establish a Socialist-inspired state, is quietly courting Western oil companies once again, the New York Times reports.

  • Chavez Says Will Seize Gold Concessions as Oil Falls Monday, 29 Dec 2008 | 1:21 PM ET
    Hugo Chavez

    Venezuela will seize several gold mining concessions that previous governments granted private operators, in a bid to supplement falling oil prices with proceeds from state-controlled gold, President Hugo Chavez said Saturday.

  • Venezuela State Oil Company Loses Credit Line Friday, 17 Oct 2008 | 6:35 PM ET
    Hugo Chavez

    Venezuela's state run oil company, PDVSA, is urgently searching for replacement financing after losing a line of credit of more than $5 billion from the Royal Bank of Scotland, CNBC has learned.

  • Venezuela Shuts Down Nearly All McDonald's Friday, 10 Oct 2008 | 4:48 PM ET

    The Venezuelan government has ordered nearly all McDonald's restaurants in the country closed for 48 hours for what it calls irregularities in the fast-food chain's financial books.

  • Venezuela's Chavez Presses 'Alliance' with Russia Thursday, 25 Sep 2008 | 12:54 PM ET
    Hugo Chavez

    Venezuelan President Hugo Chavez was due in Moscow on Thursday, his second visit within months as Russia increases its ties with the U.S. foe after fighting a war against American-allied Georgia.

  • Hugo Chavez Takes Aim at Spanish Bank Friday, 1 Aug 2008 | 4:59 AM ET

    Venezuela's President Hugo Chavez has added a large Spanish-owned bank to the list of companies to be run by the government in the oil-exporting nation, furthering his plans of building a socialist state.

  • Venezuelan Oil: More Going to China, Less to US Monday, 30 Jun 2008 | 4:18 PM ET
    Hugo Chavez

    U.S. imports of Venezuelan oil fell 11.7 percent during the first four months of the year compared to the same period in 2007, the U.S. government said Monday.

  • Chavez May Stop Oil to Europe Over Immigrant Law Friday, 20 Jun 2008 | 11:46 AM ET
    Pres. Hugo Chavez of Venezuela

    Venezuelan President Hugo Chavez Thursday threatened to stop selling oil to European countries if they apply a new ruling on illegal immigrants that is criticized in Latin America and by human rights groups.

  • Venezuela Wants to Boot Exxon from Louisiana Refinery Wednesday, 9 Apr 2008 | 2:59 PM ET

    Venezuela is seeking to remove Exxon Mobil as the operator of its joint-venture refinery in Chalmette, Louisiana, Oil Minister Rafael Ramirez said Wednesday.

  • Hugo Chavez Nationalizes Cement Industry Friday, 4 Apr 2008 | 4:18 AM ET

    President Hugo Chavez Thursday announced the immediate nationalization of Venezuela's cement industry, a move that will hit Mexico's Cemex, just a year after Chavez launched a wave of state takeovers.

  • Hugo Chavez Plans Tax on Oil Sales Above $70 a Barrel Thursday, 3 Apr 2008 | 11:54 AM ET
    Venezuela, Venezuelan Flag

    Venezuela is preparing a "windfall" oil tax to boost the OPEC nation's revenues from record crude prices, only months after leftist President Hugo Chavez's nationalization crusade forced out two of the world's largest energy companies

  • Venezuela's Chavez: We Don't Want Pricier Oil Thursday, 27 Mar 2008 | 4:58 PM ET

    Venezuela is not interested in seeing oil prices rise further and is pushing to stabilize the market, President Hugo Chavez said after visiting the site of a Brazilian refinery being built to process Venezuelan crude.

  • Court Reverses Exxon Freeze on Venezuela Assets Tuesday, 18 Mar 2008 | 11:37 AM ET
    Venezuela, Venezuelan Flag

    A British judge has lifted a $12 billion freeze on Venezuelan assets awarded to U.S. oil major Exxon Mobil in a spat over a seized oil project.

  • $100.01 … Now What? Tuesday, 19 Feb 2008 | 6:29 PM ET

    Even a supply surplus and falling demand are no match for oil’s momentum. As crude sets a new record close, commodity veteran Addison Armstrong gives his short and long-term views.

  • Exxon Flap Illuminates Brittle US-Chavez Ties Friday, 15 Feb 2008 | 3:06 PM ET
    Gas Pump

    An escalating battle with Exxon highlights the growing rift between the U.S. and Venezuela, which is likely to continue even after President Bush leaves the  White House.

  • For Exxon, More Is at Stake than Venezuelan Oil Wednesday, 13 Feb 2008 | 3:31 PM ET

    With more of the world's most valuable natural resources under the control of national governments, Exxon likely believes it has no other choice than to stand firm in its escalating battle with Venezuela.

  • Venezuela Cuts Off Oil Shipments to Exxon Mobil Wednesday, 13 Feb 2008 | 11:34 AM ET
    Hugo Chavez

    Venezuelan President Hugo Chavez stopped oil exports to Exxon Mobil on Tuesday, escalating a multibillion-dollar fight with the U.S. company two days after threatening to cut off all supplies to America.

  • Wednesday Look Ahead: Exxon's Battle Royale Tuesday, 12 Feb 2008 | 8:43 PM ET

    A key piece of economic data, some big earnings reports and a testy fight between Exxon Mobil and Venezuela may influence markets Wednesday.

  • Venezuela Cuts Off Oil Shipments to Exxon Mobil Tuesday, 12 Feb 2008 | 6:47 PM ET
    Hugo Chavez

    Venezuela's state oil company PDVSA has suspended oil exports to Exxon Mobil in retaliation for the freezing of billions of dollars of Venezuelan assets in a legal fight with the U.S. oil giant.

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