Venezuelan President Hugo Chavez said today that his country, as a world
energy power, is increasing its military strength to defend its wealth and
resources.
"Venezuela has the biggest oil and gas reserve in the world, and our country
is developing an energy model attacked by the government of the United States,"
Chavez said in his weekly radio and television show, Hello President.
Venezuela is no longer a colony of the United States, he said in the
programme broadcast from the eastern state of Anzoategui in the Orinoco Oil
Strip.
"The US is like Dracula and it is desperate because it does not have
reserves. That is why we are strengthening the economic and military power so
nobody dares to come and rob us," Chavez said.
The president said his government has brought in a series of new laws and
policies aimed at taking back Venezuela's oil fields from foreign companies.
"Those adjustments (policies) have made the (US) empire and international
companies nervous, triggering the Coup d'etat against my government in April
2002 and followed by oil stoppages in late 2002 and early 2003," Chavez said.
"In the forthcoming decades news stories will inform that certain countries'
oil reserves are exhausted and the only reserves that will be available will be
those in the Middle East, Russia and Venezuela," he added.
In a fresh effort to nationalize its oil industry, the Venezuelan government
signed contracts with seven foreign oil companies on June 26 that will give the
country the bulk of profits.
The contracts are the final step in the partial nationalization of the
Orinoco Oil Strip, announced in January by Chavez.
Venezuela is Latin America's only member of the Organization of Petroleum
Exporting Countries and has a quota of 3.2 million barrels a day. More than half
of Venezuela's oil is exported to the United States.