- Leftist president Hugo Chavez took office in 1999, pledging political and economic reforms to give the poor a greater share of the country's oil wealth. A constituent assembly was formed to rewrite the constitution in July 1999, followed by the creation of a constitutional assembly made up of Chavez's allies that replaced the democratically elected Congress. Chavez's assumption of greater power prompted charges that he is establishing a left-wing dictatorship.
- Chavez was reelected to a six-year term in July 2000. Troops were called in to quell serious protests over the election in several cities. In 2000 Chavez visited other OPEC countries, becoming the first foreign head of state to visit Iraq since the 1991 Gulf War. He is close to President Fidel Castro of Cuba, which receives Venezuelan oil at reduced prices.
- During his second presidential term, he introduced a system of Bolivarian Missions, Communal Councils and worker-managed cooperatives, as well as a program of land reform, while also nationalizing various key industries. He was re-elected in 2006 with over 60% of the vote. On 7 October 2012, Chávez won his country's presidential election for a fourth time, defeating Henrique Capriles, and was elected for another six-year term.[3]