Venezuela’s taxes break its oil economics
This is an excellent explainer, and the NPV tables make it very easy to understand the numbers involved.
Why is there a negative $9.1 billion cashflow (second table) in the year 2026 though? Not that it would change the results.
I could have sworn I answered this! Apologies. The table assumes that the projects break ground this year, so that's the initial investment for year 0.
This is an excellent explainer, and the NPV tables make it very easy to understand the numbers involved.
Why is there a negative $9.1 billion cashflow (second table) in the year 2026 though? Not that it would change the results.
I could have sworn I answered this! Apologies. The table assumes that the projects break ground this year, so that's the initial investment for year 0.