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LatinNews Daily Report - 17 October 2013

Venezuela sweetens terms for the Faja

Development: On 16 October Rafael Ramírez, the oil and mining minister and president of the state oil company Petróleos de Venezuela (Pdvsa), announced that the Caracas government would offer mixed companies operating in the Orinoco belt (the Faja) more autonomy so as to reach production targets.

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