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Venezuela: Nationalisation of American-owned oil rigs

Description

On June 29, 2010 the Venezuelan National Assembly recognised eleven oil rigs as promoting the public interest. This led to Decree No 7.532 issued by President Chavez the same day, which expropriated t...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

30 Jun 2010

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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