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NotiSur PDF file 1992 right arrow May

Venezuela: State-run Oil Company Budget Cut

LADB Article ID: 061252
Category/Department: General
Date: Thursday, May 14, 1992
By: Barbara Khol

On May 12, government officials told reporters that the budget of the state-run oil company PDVSA will be reduced by about US$1 billion. The budget cut is the result of over- optimistic projections of company revenue from crude oil exports. The ...

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