ANNOUNCEMENT 04 Nov 2013

In November 2013, the government of Venezuela announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 04 Nov 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 4 November 2013, Venezuela's the state oil company, Petroleos de Venezuela SA (PDVSA), seized two of the Houston-based Superior Energy Services' hydraulic snubbing units from its facility in Anaco, Venezuela. The total amount owed to Superior from PDVSA is approximately USD 9 million. Net book value of the assets seized is under USD 1 million.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A