BBC NEWS | Americas | Chavez seizes oil service firms
Venezuelan President Hugo Chavez has sent troops to take over companies that provide services for the oil industry.
"This is a revolutionary offensive," he told workers near Lake Maracaibo, Venezuela's main oil-producing area.He is at it again.The move places hundreds of boats, several ports and an estimated 8,000 oil workers under state control.
The state-owned oil company PDVSA has recently clashed with foreign and local service providers over the prices they charge.
The service companies are owed billions of dollars by PDVSA. But the state firm says lower oil prices mean the contractors are being paid too much.