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Venezuela PdVSA Sees 2011 Rev Up 31%, Profit Rises 43%

Venezuela PdVSA Sees 2011 Rev Up 31%, Profit Rises 43%
dj
Τρι, 17 Απριλίου 2012 - 18:03
Venezuelan state oil monopoly PdVSA recorded revenue of $124.8B in 2011, up 31% from previous year, company reports in audited full-year results.
Venezuelan state oil monopoly PdVSA recorded revenue of $124.8B in 2011, up 31% from previous year, company reports in audited full-year results. 
Profit rose by 43% to $4.5B as country benefited from record high oil prices last year, company says. Extra income also allowed PdVSA to ramp up significantly spending on social programs spearheaded by President Hugo Chavez, who is seeking reelection in October.

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