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Chavez to be granted new powers | Chavez to be granted new powers |
(about 4 hours later) | |
Venezuelan President Hugo Chavez is expected to be granted special powers to make sweeping changes to the country's national life. | Venezuelan President Hugo Chavez is expected to be granted special powers to make sweeping changes to the country's national life. |
Members of the National Assembly are due to finalise a law allowing Mr Chavez to rule by decree over the energy sector and 10 other broad areas. | Members of the National Assembly are due to finalise a law allowing Mr Chavez to rule by decree over the energy sector and 10 other broad areas. |
Mr Chavez has said he wants to speed up his "maximum revolution" but critics say it will be an abuse of power. | Mr Chavez has said he wants to speed up his "maximum revolution" but critics say it will be an abuse of power. |
The US has accused him of threatening democracies in Latin America. | The US has accused him of threatening democracies in Latin America. |
The National Assembly is due to pass the enabling law later Wednesday in a special session held outdoors in central Caracas. | The National Assembly is due to pass the enabling law later Wednesday in a special session held outdoors in central Caracas. |
The law will allow Mr Chavez to rule by presidential decree over 11 broad areas from energy to the economy to defence for the next 18 months. | The law will allow Mr Chavez to rule by presidential decree over 11 broad areas from energy to the economy to defence for the next 18 months. |
Commanding position | Commanding position |
It is expected that President Chavez will, in effect, nationalise the oil and gas industries, taking a majority share in their ownership. | It is expected that President Chavez will, in effect, nationalise the oil and gas industries, taking a majority share in their ownership. |
That would involve companies like Exxon, BP and Chevron. | That would involve companies like Exxon, BP and Chevron. |
It is not certain what, if any, form of compensation those companies might receive. | It is not certain what, if any, form of compensation those companies might receive. |
Mr Chavez has popular support after his re-election victory last year, the assembly is on his side after the opposition boycotted parliamentary elections in 2005, and Venezuela is reaping huge revenues from high oil prices. | |
The BBC's Duncan Kennedy says this puts him in a commanding position to enact his ambitious programme. | The BBC's Duncan Kennedy says this puts him in a commanding position to enact his ambitious programme. |
He wants to scrap presidential term limits and rewrite the constitution to build what he calls "socialism for the 21st Century". Officials say he has no intention of turning Venezuela into a communist state, arguing that freedom of speech and religion will all be safe. | |
But the US has again been critical of his leadership. | But the US has again been critical of his leadership. |
John Negroponte told a hearing to confirm his position as the new deputy secretary of state that Mr Chavez has not been a "constructive force in the hemisphere". | John Negroponte told a hearing to confirm his position as the new deputy secretary of state that Mr Chavez has not been a "constructive force in the hemisphere". |
"He has been trying to export his kind of radical populism and I think that his behaviour is threatening to democracies in the region," Mr Negroponte said. | "He has been trying to export his kind of radical populism and I think that his behaviour is threatening to democracies in the region," Mr Negroponte said. |