Venezuela's state oil producer, PDVSA, said in a statement
it is guaranteeing "legal security" for all foreign companies in the
leftist-run nation, rebuffing a government adviser's suggestion that their
operations could be nationalized. The statement, which was distributed to its
joint venture partners and which Reuters saw, comes after a prominent
government-allied lawyer said a new legislative body could rewrite parts of the
constitution to ensure the state has full ownership of the oil industry. The
new "constituent assembly" would supersede other institutions and has
sparked fears that President Nicolas Maduro's unpopular administration could
take aim at joint venture partners, which include large oil companies Chevron
Corp and Rosneft. More…
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