PDVSA seen benefiting from new Venezuela forex rules

* Move lets exporters sell some dollars at higher rate
* OPEC nation applies strict, complex currency controls

By Marianna Parraga
CARACAS, July 23 (Reuters) – Venezuela’s state oil company
PDVSA could see its income boosted by hundreds of millions of
dollars this year after President Hugo Chavez’s government
loosened the South American country’s tight currency controls.
Under new rules published on Friday, state-run companies can
use 5 percent of their dollar income from expor

* Move lets exporters sell some dollars at higher rate
* OPEC nation applies strict, complex currency controls

By Marianna Parraga
CARACAS, July 23 (Reuters) – Venezuela’s state oil company
PDVSA could see its income boosted by hundreds of millions of
dollars this year after President Hugo Chavez’s government
loosened the South American country’s tight currency controls.
Under new rules published on Friday, state-run companies can
use 5 percent of their dollar income from expor