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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 positionCommanding 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, congress is on his side after the opposition boycotted parliamentary elections in 2005, and Venezuela is reaping huge revenues from high oil prices. 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. 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.