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09/17/2007
General Interest - Quick TakesVenezuela state oil firms to pay ‘back taxes’Venezuela’s tax authority Seniat has received or been promised payments from two state-dominated joint venture firms after imposing large back-tax bills on recently nationalized heavy oil development projects in the country’s Orinoco belt.In a statement, Seniat said Ameriven paid some $400 million in back taxes from September 2001-December 2004, while Petrozuata agreed to pay $172 million for 1996-2006. The statement also said Cerro Negro was billed for $46 million in back taxes from 2001-04.Petrozuata, now known as Petro Anzoategui, is 100% owned by state-run Petroleos de Venezuela (PDVSA),...
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