More Tax on Venezuela Oil Projects
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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 plans talks with Panama next week on a proposal to pump oil through a Panamanian pipeline to the Pacific in order to cut shipping costs to China, the Venezuelan foreign minister said Wednesday.
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When oil prices punched through $75 a barrel and gasoline topped $3 a gallon five months ago, members of Congress offered a raft of proposals, ranging from more U.S. drilling to windfall profits taxes to antitrust investigations. They railed against oil executives' pay packages, and some called for...
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The House is going to make another run at imposing more than $17 billion in taxes on major oil companies.
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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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Venezuelan President Hugo Chavez visited a Harlem church Thursday and promised to more than double the amount of discounted heating oil his country ships to needy Americans. He also took another swipe at President Bush.
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President Hugo Chavez ordered by decree on Monday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region.
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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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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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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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A proposal to hit oil companies with $29 billion in new taxes advanced in the Senate on Tuesday, targeting the money to energy conservation, wind turbines, electric hybrid cars and clean coal technology.
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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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The world's oil producers don't have much capacity to increase output, which should keep prices high throughout 2005, Venezuela's oil minister said Thursday.
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Senate Republicans block a $32 billion in tax breaks for renewable energy that would have been financed mostly by new taxes on major oil companies. The GOP argues an oil-company tax increase would reduce production and raise gas prices.
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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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Venezuelan President Hugo Chavez on Thursday set a May Day deadline for the world's biggest oil firms to surrender their control of multibillion-dollar crude projects, speeding up nationalizations a day after receiving powers to rule by decree.