Last October Venezuela's government had already raised production royalties from 1% to 16.7%, the taxes on operating agreements from 32% to 50% in April, and declared end to contracted dollar payments to foreign oil field operators in May.
159
We Will See Who's Robbing
Venezuela's President Hugo Chavez has accused foreign oil companies of "robbing" the country
Venezuela?s President Hugo Chavez has accused foreign oil companies of "robbing" the country.
Thirty-two foreign oil companies - including Shell, Exxon Mobil, Repsol YPF, Chevron, BP and Total - are accused of owing $4 billion in back taxes for overproduction.
Last October Venezuela's government had already raised production royalties from 1% to 16.7%, the taxes on operating agreements from 32% to 50% in April, and declared end to contracted dollar payments to foreign oil field operators in May.
Last October Venezuela's government had already raised production royalties from 1% to 16.7%, the taxes on operating agreements from 32% to 50% in April, and declared end to contracted dollar payments to foreign oil field operators in May.
Подпишитесь
