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Venezuela 1975 ends amid oil nationalization clash
Venezuela faces a political dispute over timing of nationalizing foreign petroleum firms as President-elect Perez pledges to accelerate the move. Oil prices rose to a world record, with price hikes and legal questions shaping the transition while the government weighs needed foreign capital for the Orinoco belt development. Local elections and incumbents face upcoming terms as officials announce re‑election bids.
MENTIONED IN THIS ARTICLE
John Virtur Caragas
UPI
Venezuela
Carlos Andres Perez
Sobilien
Marechal
Laaleisa
Precint Four
Thalton Macrs
Leslie Pratt
Louie White
Robert Je. TL. Smith
AJ Bo Farlow