Chavez Would Abolish Presidential Term Limit

"He's announcing that he's going to do what the markets already expected him to do -- take more control of the profits of the Venezuelan production," Mares said by telephone. "He has not said that nationalization in the Orinoco means 100 percent Venezuelan ownership."

Still, the tone and substance of Chavez's recent declarations have worried many Venezuelans, opposition leaders in Caracas and rights groups. The president reiterated Wednesday that he will advance a proposal to allow him to run for reelection in 2012.

"I've proposed, and we're writing the proposal for the indefinite reelection of the president of the republic," Chavez said to applause. With all 167 members of the National Assembly in his camp, thanks to an opposition boycott of congressional elections in 2005, the measure and others proposed by Chavez are expected to pass easily.

"With the indefinite reelection and the new model he's talking about, what has been announced today is part of an era that is much harder," Ernesto Alvarenga, a founder of Chavez's movement and now an opponent, said by phone from Caracas. "I think we're definitively in a phase of Chavista hegemony," he said, using the name given to the president's followers.

After winning office in December 1998, in an election that obliterated Venezuela's two long-ruling parties, Chavez set about purging elites from office and holding referendums that led to a redrafting of the constitution and a shift in control in the National Assembly. The new constitution lengthened presidential terms and permitted reelection, and in 2000 Chavez won his first six-year term.

He has installed military officers in all levels of government and packed the Supreme Court, and now says he will end the autonomy of the Central Bank.

Chavez has also become wildly popular among the poor, who have benefited from billions of dollars in oil revenue that Chavez has spent on education, nutrition and medical programs. But critics say he plays on the most base instincts of his countrymen, benefiting from conflicts with business sectors, opposition groups and the news media. On Wednesday, he reiterated his criticism of the Roman Catholic Church, which has questioned his plan not to renew a television station license.

Chavez said that one archbishop, Roberto Luckert, is "going to hell," and he told Cardinal Jorge Urosa that the church had gone too far by meddling in state affairs. "Mr. Cardinal," Chavez said, "the state respects the church. The church should respect the state."