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Venezuela Lets Uruguay Pay for Oil With Goods, Services

OPEC member Venezuela said Tuesday that it had modified a deal with beef-exporting Uruguay to allow it to pay for oil with goods and services, in the latest move possibly designed to ease shortages. Under a July contract, Venezuela promised to supply 12,330 barrels of oil per day to Uruguay this year. In addition to beef, Uruguay also exports dairy products, soy, rice and oranges. The presidents of both South American countries changed the 2005 cooperation agreement in late January,...

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