Sentences with phrase «controlled oil revenues»

There is also the realpolitik argument that, since we were never going to depopulate Iraq, we needed a stable and legitimate Iraqi government, and this included a government that controlled oil revenues.

Not exact matches

So the government is stuck between the rock of boosting its spending for 11MP goals and the hard place of keeping its budget deficit under control amid declining oil revenue.

That would have essentially taken control of Russian oil out of the national patrimony, and probably left it with little sales and export revenue after Exxon's accountants had done the usual creative tax strategies using flags of convenience and offshore banking centers to leave no reported taxable earnings.

The oil revenue streams is not yet in control of the elites and Venezuela has not yet defaulted.

Oil exporting regimes depend on export revenues to maintain control.

Sonangol collects billions of dollars a year in revenues on behalf of the Angolan government and controls other companies» access to Angola's oil and gas reserves, but does not publish its accounts and discloses little detailed information about its activities.