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$5.8 Billion More in Oil Revenues for Venezuela Posted: Tuesday, July 31, 2007 Speaking from La Cabrerita in the state of Anzoátegui during his weekly program Aló Presidente, Venezuelan President Hugo Chavez announced that Venezuela has recuperated US$5.8 billion annually through measures to introduce ‘oil sovereignty’ and elaborated on his vision for the “new geometry of power” in Venezuela. Describing the Orinoco Oil Belt, “from the savannas of Guárico, to the delta of the Orinoco,” an area of more than 55,000 square kilometers as a “sea of oil” and a “key objective of foreign transnationals who want to take advantage of its vast reserves,” Chavez explained how, through the application of five legislative measures aimed at recuperating oil sovereignty Venezuela has obtained and additional US$5.8 billion a year. Full Article : venezuelanalysis.com |
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