Economy & Business - July 2008 (ISSN 1741-7430)
VENEZUELA: Tried and trusted
On 15 June President Hugo Chávez appointed Alí Rodríguez Araque as finance minister. There are two reasons for Rodríguez's return to the cabinet. Chávez appointed Rodríguez oil minister when he became president in 1999, and Rodríguez made the deals with Mexico and Saudi Arabia that cut oil production and put a floor under international oil prices which had sunk to less than US$10 a barrel on the spot market in 1998.
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