Venezuela jacks up oil royalties
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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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Venezuelan President Hugo Chavez bolstered his cooperation with Cuba on Saturday by signing energy, farming and finance accords, including a deal to expand of one of his socialist ally's oil refineries.
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Venezuelan President Hugo Chavez and his nation's oil wealth Â not Fidel Castro Â will likely be the star attraction Friday as Caribbean leaders gather in Cuba for a regional oil summit.
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OPEC ministers yesterday agreed to increase their ceiling for oil production to help bring down stubbornly high prices in a decision that traders and analysts
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Flush with cash from high oil prices, Venezuela's president is pushing his leftist vision across the region.
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President Hugo ChÃ¡vezâs economic policies have been generating a boom for those most capitalist of institutions â Venezuelaâs banks.
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Exxon Mobil has obtained a court order freezing up to $12 billion of Venezuela's state-owned oil company's worldwide assets after the government of President Hugo Chavez forced the company out of two joint ventures last year, a company spokeswoman said Thursday.
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By Pascal Fletcher CARACAS, Venezuela  - Venezuela on Sunday slappedhigher taxes on foreign oil companies operating in its hugeOrinoco heavy crude belt in what President Hugo Chavez called adrive to tighten sovereign control over petroleum resources.
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The oil giant won court orders freezing as much as $12 billion in petroleum assets controlled by Venezuelaâs government.
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Oil prices ranged widely Monday, supported by Venezuelan President Hugo Chavez's threat to cut off sales to the United States
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Oil prices simmered near fresh highs  Monday even though early reports of victory for Venezuelan  President Hugo Chavez in a referendum on his rule eased fears  that unrest could upset the country's oil exports.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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Venezuelan President Hugo Chavez announced that his country began on Sunday to levy 16.6 percent of taxes on foreign companies which are extracting crudes from the Orinoco oil field.
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CIENFUEGOS, Cuba  - Venezuelan President Hugo Chavez met on Friday with a dozen leaders of Caribbean and Central American nations he is supplying with cheap oil that has bolstered his regional influence.
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By Pascal Fletcher CARACAS, Venezuela  - Venezuela on Sunday orderedforeign oil firms operating in its huge Orinoco heavy crudebelt to pay much higher taxes in what President Hugo Chavezcalled a drive to tighten sovereign control over petroleumresources.
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Exxon Mobil Corp  has won court  orders freezing up to $12 billion in Venezuelan assets around  the world as it fights for compensation for operations lost to  President Hugo Chavez's nationalization drive.
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Venezuela plans talks with Panama next week on the possibility of pumping oil from the Caribbean to the Pacific through an existing pipeline, Foreign Minister Ali Rodriguez said Wednesday.