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Wescorp Energy Inc WSCEE

Energy Oil & Gas Equipment & Services


GREY:WSCEE - Post by User

Wescorp Energy Inc
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Post by stockdomon Feb 26, 2007 7:44pm
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Post# 12316461

venezuela

venezuelaChavez could use soemthing like ellycrack if the process worked. Feb 26, 7:21 PM (ET) (AP) Venezuela's President Hugo Chavez speaks during a news conference at Miraflores presidential palace... Full Image CARACAS, Venezuela (AP) - President Hugo Chavez ordered by decree on Monday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Chavez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), ConocoPhillips (COP) Co., Total SA (TOT) and Statoil ASA. (STO) He said Monday that he has officially signed the decree to proceed with the nationalizations through which the state oil company will take at least a 60 percent stake. Chavez has been given special powers by congress for 18 months to issue laws by decree in energy and other areas.
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