ANNOUNCEMENT 04 Oct 2010In October 2010, the government of Venezuela announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Decree No.7.713, published in the Official Gazette, No. 39.528, 11 October 2010.
On 4 October 2010 the Venezuelan Government took over a fertilizer producer, Fertilizantes Nitrogenados de Oriente (FertiNitro), which is partly owned by a company from the US (Koch Industries), and by a company called Saipem, a subsidiary of Italy's Eni.