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According to Carmelo Mesa, a Cuban economist who’s a visiting professor at Tulane University in the United States, Venezuela bankrolled Cuba to the tune of $9.4 billion last year. This includes $2 billion to take account of the cost of subsidizing Venezuelan oil exports to Cuba. Venezuela sends oil to Cuba at a “preferential” price of just $27 a barrel.

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Posted on: October 7th, 2009
Filed Under: Blogante Business, Business, Essentials, Top Stories, non-US news
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Read More in English: www.laht.com
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