Venezuelan Parliament passes reform of law on oil windfall revenues
Under the law adopted by the legislature, a higher amount of US dollars will have to be delivered to the central bank via oil-related royalties and taxes
The bill, introduced by deputies of the ruling United Socialist Party of Venezuela (PSUV) on Tuesday, provides for the redistribution of the tax aliquot and an increase in the delivery of US dollars to the Central Bank of Venezuela (BCV).
The approved reform also empowers the Executive Office to approve exemptions on certain new production and secondary recovery oil projects.
At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.