EDIT CONTAINS CONVERTED 4:3 MATERIAL<br/> <br />Celebrations on the streets of the Venezuelan capital, as President Hugo Chavez wins re-election.<br/> <br />The socialist president was cheered in Caracas after defeating the opposition's best chance to unseat him in 14 years.<br/> <br />With 90 percent of ballots counted, Chavez took almost 55 percent of the vote - enough for a comfortable win against rival Henrique Capriles.<br/> <br />The victory came just months after cancer treatment had taken Chavez out of the public eye.<br/> <br />SOUNDBITE: PRESIDENT HUGO CHAVEZ SAYING (Spanish):<br/> <br />"I ask God for Him to give me life and health so that I can continue serving the Venezuelan people more each day and better."<br/> <br />In his campaign headquarters, opposition leader Capriles accepted defeat.<br/> <br />After a close race, he urged Chavez to listen to all of those who turned out to vote.<br/> <br />SOUNDBITE: HENRIQUE CAPRILES SAYING (Spanish):<br/> <br />"I hope a political movement that has been in power for 14 years understands that almost half the country does not agree with it. I ask those who remain in power for respect, consideration and recognition of almost half of the country."<br/> <br />With another six-year term beginning, Chavez's rule now extends to two decades in power.