U.S. oil companies that lost billions of dollars after the Venezuelan socialist regime expropriated their assets are in talks with “acting President” Delcy Rodríguez to recover some of the losses, Energy Secretary Chris Wright told Bloomberg on Thursday.
Throughout the 2000s, Venezuela’s late socialist dictator, Hugo Chávez, enacted a widespread nationalization and forced expropriation campaign against an extensive number of privately-owned companies, land, and other assets as part of his plans to implement “Bolivarian socialism” in the country.
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