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President Hugo Chavez's government took over Venezuela's last remaining privately run oil fields Tuesday...
Oil Minister Rafael Ramirez declared that the oil fields had reverted to state control just after midnight.
The companies ceding control include BP Plc, ConocoPhillips, Exxon Mobil, Chevron, France's Total SA and Norway's Statoil ASA.
PDVSA, is assuming at least 60 percent of each of the Orinoco operations, but has invited the companies to stay as minority partners.