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Henry Rollins on 1690am on in a few minutes
Rachel Maddow will have Henry Rollins on her show in a few minutes. Tune into Air America on 1690am in Atlanta, or listen online http://www.airamericaradio.com/listen
After snubbing Exxon Mobil, Ramirez said Venezuela has other eager partners, including state companies from Russia, Iran, China, India, as well as traditional oil companies.
The new climate has given Venezuela the flexibility to diversify "away from Western investors and incorporate state-owned companies from allied countries ... more willing to abide by new, tighter terms," said Patrick Esteruelas, analyst at the Washington-based Eurasia Group.
The government has increasingly sought projects with state-controlled oil companies in friendly countries. Last year, Venezuela granted exclusive licensing rights to certify and quantify reserves in blocks in the Orinoco tar belt to seven companies, including China's CNPC, India's ONGC and Iran's Petropars. The only western oil major included was Spanish-Argentine company Repsol YPF.
The trend is driven by President Hugo Chavez's distaste for corporate multinationals, which he accuses of looting his country's oil wealth over the years. He enjoys strong support for his efforts to take more industry profits for use in social programs for the nation's poor.