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Venezuela oil News

Op-Ed: Maduro foils US sanctions by funneling oil funds through Rosneft

Venezuela's president Nicolas Maduro is funneling funds from the sale of Venezuelan oil through the Russian state energy giant Rosneft. This avoids the sanctions the US has designed to economically cripple Venezuela and drive Maduro from power.

Venezuela economy, currency wavering in wake of rising inflation

Venezuelan President Hugo Chavez warns businesses against raising prices while common currency value plunges to 50 percent in a troubled economy.

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