FEATURE - After takeovers, Venezuela oil area languishes
By Marianna Parraga
CIUDAD OJEDA, VENEZUELA (Reuters) - Five months after Venezuela nationalized dozens of oil service contractors in Zulia state, the once-bustling industrial dock on Lake Maracaibo is nearly abandoned, and the 16 red flags raised to celebrate the takeovers are already tattered and faded.
A few small groups of workers remain, hoping to get the jobs they were promised after the expropriations.
"We demand our jobs. Because we haven't gotten an answer, we're still here," said Demostenes Velasquez, who for months has lived under the scorching sun in a tent improvised from remnants of oil union election pamphlets.
Like Velasquez, many workers on the eastern shores of the lake have protested or gone on hunger strikes to demand jobs promised them after President Hugo Chavez's government expropriated 76 oil services companies on the Maracaibo Lake. The western region has a long history of oil production.
As part of his drive to install socialism in the OPEC nation, Chavez expropriated the companies contracted by state-run PDVSA, with promises of social prosperity and worker justice.
Over the months since then, protests have intensified so much the government sent troops to control the discontented workers. Many of the protesters sewed their lips together and chained their hands and feet to call the president's attention to their plight.
BROKEN PROMISES Continued...
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article





India
US
UK






