Chavez extends oil largesse at Caribbean summit
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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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Meeting with visiting Venezuelan President Hugo Chavez, Russian President Vladimir Putin Friday said &quot;Russia and Venezuela are large oil producers.
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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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NYMEX crude oil futures  hit a  new record of $46.76 on Monday on worries about possible unrest  and disruption to oil supply as Venezuelans voted in a  referendum on whether to recall President Hugo Chavez.
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Some oil majors have rejected  Venezuela&#39;s terms for the takeover of their multi-billion  dollar projects and can leave the OPEC nation, President Hugo  Chavez said on Friday, days before a deadline for them to  strike nationalization deals.
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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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President Chavez increases 16-fold the taxes paid by foreign oil companies operating in Venezuela.
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Cuba, which for decades has struggled with crippling energy crises, has black gold and could be OPEC-bound, Venezuela's President Hugo Chavez said with a smile.
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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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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  - Oil exports by Venezuela  have not been disturbed by the referendum on the rule of  President Hugo Chavez, shipping sources said late Sunday.
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His ambitious social programs are built on Venezuela's petroleum wealth, but President Hugo Chavez is increasingly talking up environmental causes and urging the world to cut back on oil use to fight global warming.
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Venezuelan President Hugo Chavez and his Belarussian counterpart Alexander Lukashenko vowed increased cooperation on Friday during a tour in which the Venezuelan leader has urged a global revolution against Washington.
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Venezuelan President Hugo Chavez said Sunday that taxes on foreign companies extracting heavy crudes from Venezuelan soil would be raised to 16.
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LOS ANGELES, Aug. 17 (UPI) -- Oil futures reached a record high Tuesday as the market fretted over simmering potential pitfalls other than last weekend&#39;s vote in Venezuela that kept controversial strongman Hugo Chavez in the presidency.
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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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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.