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Bloomberg reported that Petroleos de Venezuela SA has announced a record annual revenue of $127.8 billion in 2011.
Bloomberg reported that Petroleos de Venezuela SA has announced a record annual revenue of $127.8 billion in 2011.
As quoted in the market news:
The record revenue posted in 2011 came amid the highest average annual price in Venezuela’s history. Venezuela’s oil export basket price averaged $101.06 a barrel last year compared with $71.97 in 2010, according to the Oil Ministry. PDVSA posted revenue of $126 billion in 2008.