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economy Archives: • April, 2007 • March, 2007 • February, 2007 •

Venezuela won't recognize current value of nationalized co's.

By Kali at 04/06/07 07:18

Announcing the nationalization of four companies in the Orinoco oil reserve, Venezuela says it will only recognize the "booked investments," rather than current net value of the multi-billion dollar projects.

Original source: Reuters. Venezuela says will recognize only Orinoco book value

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