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Venezuela's oil sector restructuring

Hugo Chávez's 2000s restructurings of Venezuela's oil sector

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Jan 11, 2026
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How did maría corina machado influence the 2002 coup attempt and subsequent opposition movements?

María Corina Machado first rose as an anti-Chávez activist through the civic-monitoring group Súmate and quickly became a polarizing figure around the April 2002 coup attempt, accused of signing the C...

Jan 10, 2026
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How did China’s CNPC and Sinopec come to hold stakes in Venezuelan oil after the Chavez expropriations?

China’s CNPC and Sinopec acquired and preserved stakes in Venezuelan oil through a mix of Chávez-era restructurings that forced foreign firms into joint ventures, large China-backed loans tied to oil ...

Jan 8, 2026

What was the situation with the US and Venezuela oil 20 years ago

In 2006 the United States remained Venezuela’s single most important trading partner, importing large volumes of Venezuelan crude even as political relations soured under President Hugo Chávez’s refor...

Jan 7, 2026

What domestic Venezuelan laws and decrees (text and timing) were cited by the government to justify the 2007 nationalizations?

The 2007 wave of Venezuelan nationalizations was justified by the Chávez government through a mix of pre-existing organic laws, recently enacted hydrocarbons and expropriation statutes, an enabling-de...

Jan 5, 2026

What role did China and Russia play in financing and operating Venezuelan oil joint ventures after Chávez’s restructurings?

China and Russia became the principal external financiers and operational partners of Venezuela’s oil sector after Hugo Chávez’s 2000s restructurings, providing large loans, joint funds and hands-on t...