Venezuela presents 2016 budget based on a US$40 per barrel estimate

Wednesday, October 21st 2015 - 06:35 UTC

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Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday. Read full article

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ChrisR
U$D 40 per barrel for the shit they have to sell looks overpriced.

Pity Uruguay are paying two and half times that due to our now Veep signing stupid contracts with Chubby and then MADuro when he was head of ANCAP 'just in case the price goes up' he claimed in his pathetic attempt at justifying this action.

Reality is he takes a nice little earner from it all and ANCAP have still to “find” the U$D 300M that 'went missing' under his “rule”.

The commie shit for brains Tupas do love to “rule” us.
Oct 21st, 2015 - 07:52 pm - Link - Report abuse 0
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Chicureo
The Iranian Oil Minister alone has vowed to increase output by 1 million barrels a day once sanctions are removed. That along with China's recession indicates sub-40 prices.
Oct 22nd, 2015 - 12:03 pm - Link - Report abuse 0
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