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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U.S. stocks gained on Monday, getting a boost from lower oil prices after news the Venezuelan president survived a recall eased fears about the country's oil exports.
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Venezuelan President Hugo Chavez  stopped oil exports to Exxon Mobil Corp  on Tuesday,  escalating a multibillion-dollar fight with the U.S. company  two days after threatening to cut off all supplies to America.
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CARACAS, Venezuela Aug. 29, 2004 - Venezuelan President Hugo Chavez said Sunday that as part of his deepening &quot;revolution,&quot; he will enforce an agriculture law that allows the government to tax and expropriate idle lots.
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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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MANAGUA, Nicaragua  - Venezuelan President Hugo Chavez sent Nicaragua a shipment of cut-price diesel fuel on Saturday in a demonstration of his support for Nicaragua's leftist opposition leader, Daniel Ortega, before a November 5 presidential election.
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Global oil prices rise as Venezuela and Nigeria say they are cutting production.
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BEIJING - President Hugo ChÃ¡vez, seeking to reduce Venezuela&#39;s dependence on selling oil to the United States, said Friday his country will give China greater access to its oil and natural gas resources.
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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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MARK COLVIN: The president of the world&#39;s most influential oil cartel, OPEC, confirmed today that oil prices were being bumped up by what&#39;s known in the business as a &quot;political premium&quot;.
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Venezuelans are swilling aged whiskey, snapping up luxury cars and treating themselves to plastic surgery in an oil-fueled spending spree worthy of one of the fastest-growing economies in Latin America.
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President Fidel Castro, in an announcement that raised eyebrows at energy companies, disclosed that oil deposits were discovered off Cuba.
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Venezuelan President Hugo Chavez visited a Harlem church Thursday and promised to double the amount of discounted heating oil his country ships to needy Americans. But he also took another swipe at President Bush.
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CARACAS -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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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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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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The Venezuelan president causes a stir with his U.N. attack on Bush - and that's just the way the leftist leader likes it