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March 25, 2010


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"re-nationalization or re-monopolization of a national oil company."

Odd wording too. Wouldn't the issue be nationalizing an oil industry? I mean, why bother nationalizing a national oil company?

They might have had something in mind like what happened with PDVSA, where an independent national company was brought back under the direct control of the government. Or they might mean a situation (also like Venezuela) where the government seized private assets in a country where the national oil company operated without a monopoly over production, and then turned them over to the NOC.

But it isn't clear. I agree, the phrasing is weird.

Great post on the crime "war" in Mexico, BTW.


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