Monday, January 05, 2026

Dictator Hugo Chavez seized/nationalized US and other countries assets related to fossil fuels in Venezuela

Just a friendly reminder about the predecessor of dictator Nicolas Maduro!

It is absolutely appalling that so many Western news media gloss over these facts!

According to Google search: "Yes, Hugo Chávez's government seized assets from U.S. oil companies and other foreign firms in Venezuela, particularly around 2007, as part of broader nationalizations, forcing companies like ExxonMobil and ConocoPhillips to leave after refusing state majority control, though Chevron remained by accepting new terms, leading to significant disputes and arbitration claims against Venezuela for billions in compensation."

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