Countries want cut of high oil profits
As the rising price of oil drives up oil company profits, countries where the oil is drilled, such as Bolivia, are demanding more of a cut, a report says.
Bolivia, where the president authorized a national takeover of oil and gas fields and pushed up taxes, is only the most recent example.
Similar moves have taken place in Russia and Venezuela, while Britain has increased its taxes and state companies in Nigeria and Kazakhstan get better treatment than private companies, The New York Times reports. story continued
Bolivia, where the president authorized a national takeover of oil and gas fields and pushed up taxes, is only the most recent example.
Similar moves have taken place in Russia and Venezuela, while Britain has increased its taxes and state companies in Nigeria and Kazakhstan get better treatment than private companies, The New York Times reports. story continued
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