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Study: More than half of pets overweight
CARACAS, Venezuela, April 16 (UPI) -- Venezuela has approved a 50-percent tax on foreign oil companies for oil when priced at more than $70 a barrel, said energy officials.
The new law mandates the tax on foreign oil hit 60 percent when the price exceeds $100 a barrel, a rate many experts believe will not be diminished in at least the coming year, El Universal reported Thursday.
The move, according to Oil and Energy Minister Rafael Ramirez, could generate up to $9 billion annually.
The passing of the tax increase by the Venezuelan Congress, many members of which are ardent supporters of President Hugo Chavez, is seen as a major win for the Venezuelan leader who lost a referendum this year that would have granted him additional executive powers, including the ability to seek a third term in office.
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UMEA, Sweden, Feb. 14 (UPI) --
A 29-year-old Swedish man faces multiple charges for pretending he was kidnapped to extort money from his parents, police said.
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HOLLYWOOD, Feb. 14 (UPI) --
Hollywood's Paramount Pictures says director Michael Bay is to helm a fourth Transformers movie to be released in 2014.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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CORPUS CHRISTI, Texas, Feb. 14 (UPI) --
Texas police said they arrested an 18-year-old woman who led them on a chase while wearing nothing but a pair of cowboy boots.
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