politics
diciembre 28, 2025
EFE
Venezuela concretó la nacionalización de su industria petrolera en 1976 mediante un proceso legal durante el primer Gobierno del presidente Carlos Andrés Pérez (1974-1979), pero ahora el mandatario de EE.UU., Donald Trump, cuestiona el proceso al denunciar un supuesto despojo de derechos a empresas de su país, lo que expertos consultados por EFE rebaten. Mientras […]
TL;DR
- Venezuela nationalized its oil industry in 1976 during President Carlos Andrés Pérez's first term.
- Donald Trump questions this nationalization, alleging US companies were "dispossessed" of their rights and seeking their return.
- Experts like historian Tomás Straka and former Vice Minister Dolores Dobarro state that Venezuela's subsoil resources have belonged to the country since its independence.
- The 1976 nationalization, established by the Loreich law, reserved hydrocarbon industry and commerce for the State, with Petróleos de Venezuela (PDVSA) created to manage the sector.
- Under Hugo Chávez, the nationalization was deepened, with foreign companies required to enter mixed ventures with PDVSA and cede majority stakes.
- ExxonMobil and ConocoPhillips were among companies that did not accept new conditions and pursued international arbitration, obtaining favorable rulings for compensation.
- Venezuela has been a significant oil exporter for the US since World War II, with its oil being geographically close to US refineries.
- The article clarifies that the US has never held rights to Venezuelan subsoil, which is considered state property under Hispanic legal tradition.