Petroleum income to reach Bs$14.4tril this year.

From: South American Business Information | Date: June 4, 2004 | Copyright information

Venezuela, Jun 3, 2004 (El Universal/SABI via COMTEX)

This year, the Venezuelan petroleum sector may generate incomes of Bs$14.4tril, Bs$10.5tril of which to come from royalties, Bs$2.5tril from dividends and Bs$1.3tril from income taxes paid by the companies. In Q1 2004 (Jan-Mar), the income generated by royalties reached Bs$2.9tril, more than the Bs$1.4tril posted in the ...

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