RealNews

Caracas approves law on nationalization of hydrocarbo

The National Assembly on Tuesday approved the first reading a bill that would subject the State goods and services of the primary activities of oil, and gives power to expropriate the companies in that sector, on Tuesday reported the state news agency. The new regulation, which will be submitted shortly to the second debate for final approval, provides that goods and services of the primary activities of hydrocarbons will be declared in the public interest”and”social, according to official Congressman Angel Rodriguez to the Agency Bolivariana de Noticias (ABN), state.Full Story

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