"We have decided to nationalise the whole Venezuelan energy and electricity sector, all of it, absolutely all," Reuters quoted Chavez as saying in his annual state of the nation address to parliament.
It was not immediately clear whether his pronouncement on nationalising the sector was a precursor to moves against specific projects or companies.
In his address to parliament, Chavez said Venezuela was "almost ready" to take over the Orinoco belt oil projects that produce about 600,000 barrels per day.
The
