Venezuela to review average oil price in fiscal ’09 budget
Venezuelan economic authorities are fine tuning the policies to be implemented amidst falling revenues.
Ricardo Sanguino, chair of the Finance Committee, National Assembly, said:
We cannot say that the current price of oil is USD 60. The price has stabilized. However, the current price is not the real value of oil.
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Thu, Mar 19, 2009
Post by Melissa Pistilli, Heavy Oil Senior Reporter