Venezuela announces oil tax increase
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Venezuela has announced a 16-point increase in the royalties payable by foreign oil companies operating in one of its richest oil fields.
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Oil rose nearly $1 on Monday to match  its highest in almost a month, extending last week's late gains  as Venezuela threatened to halt oil exports to the United  States and bomb alerts shut down one of Britain's largest gas  fields.
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NEW YORK, December 6  - Oil prices increased today on fears of the announcement of an output cut by the OPEC during its meeting scheduled for later this week.
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December 25, 2004âPresident Chavez said that Venezuela will offer China greater access to Venezuelan resources, such as oil, natural gas, and related products, in an effort to reduce Venezuelan dependency on the US market.
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WORLD oil prices rose yesterday as Hurricane Ivan charged towards the oil-rich Gulf of Mexico, where energy companies evacuated thousands of offshore workers and halted some production.
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Venezuela on Sunday ordered foreign oil firms operating in its huge Orinoco heavy crude belt to pay much higher taxes in what President Hugo Chavez called
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CARACAS, Venezuela, Feb. 17 -- President Hugo Chavez sent a soothing message to American motorists on Sunday, saying Venezuela is not preparing to cut off oil shipments to the United States.
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Venezuelan President Hugo Chavez on Thursday said there is an excess of oil on the world market and proposed a minimum price for crude at &#36;50 a barrel. OPEC members have no intention of increasing their oil production despite demands from a number of industrialized nations, Chavez said as he spoke at the group&#039;s meeting in Caracas.
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On Monday, November 1, the Russian Tax Ministry presented embattled Yukos Oil Company with additional tax claims worth $10 billion, bringing the oil companyâs total tax bill to $17.
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President Hugo ChÃ¡vez of Venezuela said a decision to end tax breaks on four oil projects would not drive oil companies away.
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Venezuela has agreed to sell gasoline to Iran, the South American county's energy minister said in comments published Tuesday, a week after the Islamic country imposed a fuel rationing program that has sparked violence.
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Not everyone was complaining when the price of a barrel of oil flirted with the $50 mark on global markets earlier this summer. For Venezuelan President Hugo Chavez, it meant more money to
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Global oil demand will rise significantly next year, the International Energy Agency says, pushing up prices.
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Venezuela's economy should grow between 14 and 16 percent this year, led by strength in the country's oil industry, one of the central bank's seven directors said Tuesday.
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Venezuela announced a dramatic increase in royalties for foreign oil companies operating in the petroleum-rich country, El Nacional reported Monday.
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Venezuela could sue Exxon Mobil  for not paying taxes on some of the oil it produced, President Hugo Chavez said on Sunday, amid an escalating legal battle with Exxon over compensation for nationalized assets.
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British Airways is to raise its fuel surcharge as a result of the continuing increase in the price of oil.