subscribe to ENR magazine subscribe
contact us
advertise
industry jobs industry jobs
events events
FAQ
Dodge Data & Analytics
ENR Logo
SUBSCRIBE TODAY
Web access will be provided
as part of your subscription.
This content is available for purchase. It is FREE of charge for ENR subscribers.

Weakening Oil Prices Forcing Chavez To Scale Back Plans

Publication Date: 4/1/2009
Author: C.J. Schexnayder
Format: HTML

Description:
Construction interests in Venezuela are watching with concern as the country struggles to recast its budget to handle new economic pressures brought on by a precipitous fall in the price of oil in the past year. More than 90% of Venezuela’s export revenue comes from oil. But petroleum prices have plummeted more than 50% in the past nine months, triggering a dramatic budget shortfall in South America’s leading oil-producing country. In a nationally televised announcement on March 21, Venezuela President Hugo Chavez unveiled a package of austerity measures and tax hikes to handle the growing economic pressures.

Sign In 
Enter your email address and password below
Email: 
Password: 
Sign up for ENR | Forgot your Password?

 

Subscribe to access content 

Monthly Subscription (Automatic Renewal):
Access all articles published on ENR.com for only $9.95/Month.

Annual Subscription:
Get ENR magazine for one year plus access to all articles published on ENR.com, along with all the benefits described*
U.S. for only $49.95/Year
Canada $99/Year (US funds)
All other $125/Year (US funds).
 

 

Need to register your ENR print subscription? 

Enter your print subscription account number from your mailing label or your order acknowledgement here

Print subscription number:


For help finding your subscriber number click here
ANNUAL SUBSCRIPTION INCLUDES:
  • ENR’s national and regional tablet digital editions
  • FREE — ENR’s Greatest Construction Projects digital edition with your paid subscription
  • BONUS — ENR Future Tech & ENR Risk Review e-newsletters
  • Access to ENR.com with daily updates and archives
  • Regional news and information
  • Daily news alerts & weekly e-newsletters
  • Construction methods & equipment
  • Industry forecasts
  • Quarterly cost reports
  • Opinions from the experts
  • Top Lists (Company Rankings)
  • Risk management
  • Safety and health
  • Technology tools
  • Asset management
  • Specialty contractor innovation