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Government ups direct royalty payments to producing regions

Thursday, October 30th, 2014 Category: Regulations & Policy
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Government ups direct royalty payments to producing regions

Led by the Finance Ministry (MinHacienda) Mauricio Cárdenas, the central government brought a series of proposals before a joint economic session of congress that it says would increase direct royalties to producing regions to CoP$4.1T (US$1.998B) in 2015-2016 from the previous figure of CoP$1.9T.

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