Venezuelan President Increases Taxes on Foreign Oil Companies
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Venezuelan President Hugo Chavez is ordering foreign oil companies to pay much higher taxes, in a move to tighten state control over his country&#39;s vast petroleum resources.
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CARACAS, Venezuela, Dec. 2 -- Venezuela's business establishment often warns that if President Hugo ChÃÂ¡vez wins reelection Sunday, it won't take long before the populist firebrand transforms Venezuela into a communist state, dooming its oil-rich economy. Alejandro UscÃÂ¡tegui, an industrialist here, couldn't disagree more....
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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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Oil-rich nations brushed off a push by Venezuelan leader Hugo Chavez to cut production, but he used the OPEC meeting to push for expanding the cartel&#039;s membership and praised Bolivia&#039;s nationalization of its natural gas industry.
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Venezuelan President Hugo Chavez on Thursday set a May Day deadline for the world's biggest oil companies to surrender control of multibillion-dollar crude projects, speeding up nationalizations a day after he received powers to rule by decree.
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CARACAS -- President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce his country's reliance on US export markets, will boost trade with the Asian country to nearly $3 billion next year.
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MOSCOW, June 29 -- Venezuelan President Hugo ChÃÂ¡vez called on Russian business leaders Friday to boost their investment in his country, criticizing U.S. companies as "vampires" and inviting Russians to help develop a massive oil deposit.
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Oil prices simmered near new record  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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Venezuela's President Chavez says he wants the state to take over oil projects on the Orinoco Belt by May.
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BEIJING : Venezuelan President Hugo Chavez has pledged support for Chinese companies to take part in oil exploration and pipeline construction projects in his country, state media said.
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The Mexican Congress passed a comprehensive tax bill to raise corporate taxes on many companies, give back more money to the countryâs cash-short oil monopoly and impose a gasoline tax.
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Venezuela accuses Exxon Mobil of exaggerating the value of firm's former investments in the country.
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Venezuelan President Hugo Chavez on Thursday set the world's biggest oil companies a May Day deadline to surrender control of multibillion-dollar crude projects, accelerating his raft of nationalizations.
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CIENFUEGOS, Cuba  - Venezuelan President Hugo Chavez proposed on Friday extending a barter scheme used by Cuba to other Caribbean and Central American nations to help them pay for oil supplies with products and services.
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Caracas, 30 Dec. Venpres (Veronica Sosa).- Venezuelan Foreign Minister Ali Rodriguez Araque has announced that Venezuelan President Hugo Chavez Frias will have an intense agenda in the area of foreign policy in ...
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Exxon Mobil Corp has moved to freeze up to $12 billion in Venezuelan assets around the world as the U.S. company fights for payment in return for the state's takeover of a huge oil project last year.
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Venezuela on Tuesday suspended oil exports to Exxon Mobil Corp, escalating the country's fight with the U.S. oil giant over compensation for a heavy crude project nationalized by socialist President Hugo Chavez.