Venezuela Sees $50 a Barrel Oil for 2012 Budget, Panorama Says
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Venezuela will calculate its budget for 2012 based on an average price for Venezuelan crude oil of $50 a barrel, Panorama reported, citing Ricardo Sanguino, President of the Finance Commission at the National Assembly.
The budget is in its final phase of calculation, the Maraciabo-based daily cited Sanguino as saying. Venezuela calculated this year’s budget based on an average price of $40 a barrel.