Privatized in 1997, Siderúrgica del Orinoco (Sidor) joins again the Venezuelan State’s strategic companies.
The decision of nationalizing Venezuela’s largest steelmaker Sidor was confirmed on Wednesday during a press conference offered by the Venezuelan Vice-president Ramón Carrizales.
“We want to inform that after a long negotiation process failing to find a solution to a conflict between Sidor and its workers, President Chávez made the decision (…) of taking control of Siderúrgica del Orinoco, a company privatized ten years ago,” he said.
He explained that the Venezuelan government and Sidor discussed three points on which no agreements were reached: the role of contractors, the adjustment of pensions and the workers’ wage. “We are going to negotiate as we have done with different companies without any violations,” Carrizales added.
So far, the Venezuelan State has owned just 20% of Sidor shares, other 20% has been owned by Sidor’s workers and former workers, and 60% by Ternium.
Sidor, privatized two years before the Bolivarian Revolution took office, joins again the Venezuelan State’s companies within the framework of the recovery of strategic sectors, such as electricity, oil, lands and cement, carried out by the Venezuelan government.
Presidential Press Office / April 09, 2008
March 18th 2008, by James Suggett - Venezuelanalysis.com
Mérida, March 18, 2008 (venezuelanalysis.com)- British Judge Paul Walker declared in a London courtroom today that the freezing of $12 billion in assets of the Venezuelan state oil company PDVSA shall be revoked. The decision is a major defeat for the world's largest oil company, ExxonMobil, which had won the temporary asset freeze on February 7th in a dispute with PDVSA over the nationalization of Exxon's stake in a Venezuelan Orinoco River Belt project, known as Cerro Negro.
March 10th 2008, by Kiraz Janicke Venezuelanalysis.com
Caracas, March 10, 2008 (venezuelanalysis.com) - The so-called ‘traditional' or moderate leftwing prevailed in the elections for the provisional national executive of Venezuelan President Hugo Chávez's new United Socialist Party of Venezuela (PSUV) on Sunday.
The party's vice president, Alberto Müller Rojas, announced the results of the elections for the fifteen principle delegates to the national executive and fifteen substitute delegates in a press conference on Sunday night, after 87.7% of the votes had been scrutinized.
What only a few days ago seemed like a remote prospect has suddenly become a real possibility. The Colombian military’s brutal massacre of 21 (at last count) guerrillas with the Revolutionary Armed Forces of Colombia – Peoples Army (FARC-EP), including Raul Reyes, the FARC’s chief negotiator and spokesperson, in Ecuador on March 1 marks a dramatic leap in the United States’ plan to potentially trigger off an armed confrontation between Colombia and Venezuela. These events should be of major concern for all supporters of the Venezuelan revolution, and anti-war and peace activists the world over.
February 27th 2008, by Kiraz Janicke - Venezuelanalysis.com
Caracas, February 27, 2008 (venezuelanalysis.com) - Thousands of workers at Venezuela's largest steel plant, the Argentine-controlled Ternium Sidor, activated staggered strikes today as part of an ongoing dispute for a collective contract, which has dragged on for more than a year.
February 20th 2008, by Kiraz Janicke Venezuelanalysis.com
An international week of solidarity with Venezuela has been called from Feb 29 - March 7th in protest at the largest oil company in the world, ExxonMobil's, legal actions - freezing up to $12 billion of Venezuelan state oil company PDVSA's assets- pending arbitration in a dispute over an oil exploration project nationalised by the Venezuelan government last year.
DID YOU KNOW…
• Exxon Mobil has broken the record for the biggest profit in US corporate history for 3 years in a row (2005, 2006, and 2007). In fact, as far back as May of 2003, after the invasion of Iraq forced gasoline prices sky high, Exxon broke the record for the biggest quarterly profit ever made by a US corporation.
• Exxon Mobil’s annual revenue surpasses the gross domestic product of all but the 25 wealthiest nations.
• Exxon Mobil is the world’s largest privately owned oil company.
Federico Fuentes & Tamara Pearson, Caracas & Merida
1 February 2008
“We lack everything” Frances Buitrago, a small shopkeeper in the city of Merida, commented to Green Left Weekly. “There isn’t any milk, rice, mayonnaise, oil, wheat, or butter.”
Federico Fuentes, Caracas. 19 January 2008
A collective discussion is occurring throughout the revolutionary movement led by President Hugo Chavez following the defeat of the proposed constitutional reform proposals — that were intended to deepen the revolution to help open the way towards socialism — in the December 2 referendum.