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A scramble to mend budgets eroded by oil price

Russia, Saudi Arabia, Nigeria, Venezuela and others are planning to cut spending, sell assets or approach lenders
Thursday, February 4, 2016 - 05:50

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Oil producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, with some turning to international lenders for help and others slashing spending.

Paris

OIL producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, with some turning to international lenders for help and others slashing spending.

Austerity measures, loan negotiations and state asset sales are all on the menu of

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