ConocoPhillips (COP) Chief Executive Ryan Lance told Bloomberg in an interview that recent changes to Venezuela's oil law, intended to woo foreign oil companies, do not go far enough to attract foreign investment to the country.
Under the new rules, the Venezuelan government can still charge royalties of up to 30%, as much as 15% in taxes and other levies that could boost the state's coffers, the report said, citing the interview.
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