Hugo Chavez

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Exxon, Conoco Pull Out of Venezuela
Exxon, Conoco
Pull Out
of Venezuela

Exxon, Conoco Pull Out of Venezuela

Firms reject Chavez demand for 60% stake in future projects

(Newser) - ExxonMobil and ConocoPhillips are bolting from lucrative operations in Venezuela in the wake of Hugo Chavez's demand that his state-run oil company receive at least a 60% share in projects. Talks over compensation fell apart hours before today's deadline to determine the future of four projects that produce as much...

Chavez Warns of US Attack
Chavez Warns of  US Attack

Chavez Warns of US Attack

Orders Venezuelan army to prepare for guerrilla resistance

(Newser) - Truculent Venezuelan President Hugo Chavez has ordered troops to be prepared for a US invasion, the Guardian reports. America is intent on toppling his government in any way it can, Chavez warned in a speech to soldiers. "It's not just armed warfare; I'm also referring to psychological warfare, political...

Venezuelan TV Station Skirts Ban, Airs on YouTube

Demonstrators protest Chavez, shutdown

(Newser) - An anti-establishment TV station taken off the air by Venezuelan president Hugo Chavez has found a new way to reach viewers: YouTube. A reduced staff produces and uploads three hour-long newscasts a day for Radio Caracas Television, which stopped broadcasting Sunday. The shutdown of RCTV, which was replaced with a...

Venezuela to Leave IMF, World Bank
Venezuela to Leave IMF, World Bank

Venezuela to Leave IMF, World Bank

Chávez government exerts state control over privately owned oil projects

(Newser) - Hugo Chávez said yesterday he will pull Venezuela out of the International Monetary Fund and the World Bank, institutions the leftist leader blames for contributing to poverty in Latin America. Venezuela will also take control of foreign oil projects previously run by multinational companies, some U.S.-based, in...

Chavez Decrees Dry Holy Week
Chavez Decrees Dry Holy Week

Chavez Decrees Dry Holy Week

Ban on booze aimed at drink-fueled accidents, inspires secret imbibing

(Newser) - No Easter imbibing, decrees Venezuelan president and socialist icon Hugo Chavez. Chavez has instituted a Holy Week liquor ban in restaurants to combat the hundreds of drunk driving deaths that occur during holidays in Venezuala. While some citizens applaud his boldness, others say they cannot follow their fearless leader quite...

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