There's nationalized in the sense of, only the government can control this resource, it is owned by the people. Good. Then the government builds it and spends money on it. If you have a good government you get a good resource for the people. If you have a bad government you get a mess.

The nationalization referred to in Venezuela, is someone invests their own resources in building something, legally with the approval of the government. After they have built it, the government comes with people with guns, and says, "this belongs to us now" and either the owners go away, or go to jail, or get shot. Is that what they do in Norway? Do you think smart, capable people with access to capital want to work in Venezuela? Or maybe all those people left and provide their services to other countries.

And by the way, this Venezuelan kind of nationalization sounds too me like the kind that Marx was advocating, it's real socialism too.