CARACAS: Lawmakers loyal to President Hugo Chavez gave final approval on Tuesday to a bill paving the way for Venezuela's government to take a minimum 50 percent stake in the country's petrochemical companies.
The legislation approved by the predominantly pro-Chavez National Assembly requires private firms to form joint ventures with the state, which would take a minimum 50 percent stake in the projects.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!