VVP posted:Danyael posted:Pre Chavez they barely got 3 cent to the dollar for their oil and they became rich.
Where did you get this from?
We are slated to get 12 cents on a dollar in our present contract with EXXON and that is considered by those in charge to be on the high side.
I read of that amount being received by Venezuela when I was looking into what CGX will pay. I will try to find the document.
CGX also claim they are going to give up 12 cents on the dollar but I seriously doubt that. We may be getting as little as 3 cents on the dollar from them. They deny that.