Venezuela has expropriated a wide range of foreign companies, primarily during the administrations of Hugo Chávez and Nicolás Maduro, across various sectors including oil and gas, electricity, telecommunications, cement, steel, mining, and food production. Key foreign companies that had assets expropriated include:
AES Corp (U.S.) - Stake in Electricidad de Caracas, the country's largest private power producer.
BP plc (United Kingdom) - Oil projects (operational control transferred, retained minority share).
Cemex (Mexico) - Cement plants.
Chevron Corp. (U.S.) - Oil projects (retained minority share, but some rigs temporarily taken over during payment disputes).
Coca-Cola-Femsa (Mexico) - Assets in the food sector.
ConocoPhillips (U.S.) - Oil and gas assets (Hamaca, Petrozuata, Corocoro projects) after refusing new contract terms.
Ensco International, Inc. (U.S.) - Drilling rigs were taken over by PDVSA over payment disputes.
ExxonMobil (U.S.) - Oil projects (assets expropriated after refusing new contract terms).
Gold Reserve Inc (Canada) - The Brisas mining project.
Gruma (Mexico) - Assets in the food sector.
Helmerich & Payne, Inc. (U.S.) - 11 oil drills were nationalized in 2010.
Hilton (U.S.) - Management contract for the Margarita Hilton Hotel Complex.
Holcim (Switzerland) - Cement plants.
Lafarge SA (France) - Cement plants.
Owens-Illinois (U.S.) - A branch of the company, a manufacturer of glass containers.
Smurfit Kappa (Ireland) - Food production assets.
Statoil ASA (now Equinor) (Norway) - Oil projects (operational control transferred, retained minority share).
Ternium SA (Argentine-led) - Stake in Venezuela's largest steel mill.
Total S.A. (France) - Oil projects (operational control transferred, retained minority share).
Verizon Communications Inc (U.S.) - 28.5% stake in the telecommunications company CANTV.
Williams Companies Inc. (U.S.) - Gas plants and other assets.
Wood Group (U.K.) - A water injection company in which it had a stake.
Many of these expropriations resulted in international arbitration cases, with companies like ConocoPhillips, ExxonMobil, Crystallex, and Gold Reserve winning multi-billion dollar awards, many of which remain largely unpaid or are subject to ongoing legal proceedings.
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@Rajk999 saidVenusian government stole everything from the companies that gave them a thriving economy and turned the country into garbage eating beggars.
Venezuela has expropriated a wide range of foreign companies, primarily during the administrations of Hugo Chávez and Nicolás Maduro, across various sectors including oil and gas, electricity, telecommunications, cement, steel, mining, and food production. Key foreign companies that had assets expropriated include:
AES Corp (U.S.) - Stake in Electricidad de Caracas, the c ...[text shortened]... lion dollar awards, many of which remain largely unpaid or are subject to ongoing legal proceedings.
The a.s..hats on this site want to do the same to America canada the UK Europe Scandinavia and everyplace else they infest.
@Cliff-Mashburn saidYes. The world needs to be wary of socialist communists and Muslims. They are all dangerous.
Venusian government stole everything from the companies that gave them a thriving economy and turned the country into garbage eating beggars.
The a.s..hats on this site want to do the same to America canada the UK Europe Scandinavia and everyplace else they infest.
@no1marauder saidYou dont need to be any police or law enforcement agent to help out in a situation and save lives. Trump is doing the right thing, and lame lawyers like you that support criminals like Chavez and Maduro, are a curse.
Yes. Even if your simplistic formulation were true.
Again, none of our business. We're not the World Police.
@Rajk999
Wouldn't it be easier to have the bank of England give some of the gold they stole from Venezuela to Exxon/mobile instead? I don't recall the UK having anything stolen from them by Venezuela.
https://www.globalresearch.ca/saga-continues-venezuela-31-tonnes-seized-gold-bank-england/5751709