Venezuela says Chevron, ConocoPhillips owe taxes
From Bloomberg News
Chevron Corp. and ConocoPhillips owe Venezuela 24.2 billion bolivars ($11.3 million) in back income taxes for 2002-2003, the country’s tax agency said.
The U.S. oil companies owe from their participation in two of the country’s four heavy oil ventures, the national tax superintendent said. Chevron owes 8.7 billion bolivars, while ConocoPhillips owes 15.5 billion.
The companies have 15 days to respond or face a 10% penalty.
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