Global Trade Alert
Global Trade Alert

Venezuela: Expropriation of Superior Energy plant

Announcement

04 Nov 2013

In November 2013, 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

04 Nov 2013

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 4 November 2013, Venezuela's the state oil company, Petroleos de Venezuela SA (PDVSA), seized two of the Houston-based Superior Energy Services' hydraulic snubbing units from its facility in Anaco,...

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