Venezuela seeks private capital

Venezuela seeks private capital: "Less than a year after Venezuelan President Hugo Chavez launched a nationalization crusade, the OPEC nation is boosting efforts to bring in private oil investment amid growing energy-sector problems. Venezuela has announced a string of deals with oil companies and the first oilfield bidding round since Chavez took office in 1999, and industry sources report a marked change in tone from last year's wave of takeovers."