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Global Trade Alert

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Venezuela: Nationalisation of small companies operating in the field of oil activities

Description

On May 08, 2009, the Venezuelan Minister of Energy and Oil issued a communiqué (No 051) announcing the nationalisation of some companies operating in the field of hydrocarbon-related activities. The s...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

08 May 2009

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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