Global Trade Alert
Global Trade Alert

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

Announcement

08 May 2009

In May 2009, the government of Venezuela announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

08 May 2009

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

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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