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Royalty budget for 2015-16 presented

Wednesday, October 8th, 2014 Category: Regulations & Policy

The Biennial General Royalties System (SGR) budget for 2015-16 has been presented, contemplating CoP$18.27T (US$8.97B) for 2015-16 for investments and savings. While the amount has increased, it depends on meeting tough production goals, and has left producing regions feeling shortchanged.

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