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Venezuela: Law on the Nationalization of the Petroleum Industry*

Published online by Cambridge University Press:  04 April 2017

Abstract

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Type
Legislation and Regulations
Copyright
Copyright © American Society of International Law 1975

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Footnotes

*

[Reproduced from the text provided to International Legal Materials by the Embassy of Venezuela at Washington, D.C.

[The Venezuelan Congress approved the bill on August 21, 1975. The President signed it into Law on August 29, 1975. As of December 31, 1975, all concessions granted by Venezuela will be terminated. The companies were given until October 28, 1975, to accept the compensation offered or proceed under the terms of Article 13 of the Law.]

References

* [Reproduced from the text provided to International Legal Materials by the Embassy of Venezuela at Washington, D.C.

[The Venezuelan Congress approved the bill on August 21, 1975. The President signed it into Law on August 29, 1975. As of December 31, 1975, all concessions granted by Venezuela will be terminated. The companies were given until October 28, 1975, to accept the compensation offered or proceed under the terms of Article 13 of the Law.]