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To: Bellflower

Cuba?


7 posted on 03/14/2016 6:08:12 AM PDT by John Valentine (Deep in the Heart of Texas)
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To: John Valentine; Bellflower; Mr. Jeeves
Cuba?

Yes. The Cubans expropriated mostly oil fields and casinos and hotels owned by American interests. Mexico also expropriated all the foreign-developed oil fields in northeastern Mexico (Chicontepec, which is still a monster today, and the "Golden Lane" fields) and have only recently allowed, again, foreign participation in Mexican oil reserves.

Saudi Arabia expropriated Aramco (Arabian American Oil Company, co-owned by four companies) in the 70's, as did Iran after the fall of the Shah (mostly British interests).

More recently, Venezuela expropriated both producing properties and facilities, and also certain intellectual property developed by Exxon and Conoco, in particular proprietary processes for rendering tar and other heavy hydrocarbons into refinable feedstocks.

22 posted on 03/14/2016 7:47:37 AM PDT by lentulusgracchus ("If America was a house , the Left would root for the termites." - Greg Gutierrez)
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