Sentence examples for based on oil at from inspiring English sources

Venezuela's budget is based on oil at $120 a barrel.

But between the lines of the modest adjustment package he announced on March 21st can be glimpsed the true gravity of the situation.Venezuela's original 2009 budget was based on oil at $60 a barrel.

President Vladimir Putin said in December that the budget had been calculated based on oil at $50 a barrel.

Yet today, instead of trading at six-times normal current earnings, the company is trading at 5.6-times temporarily depressed earnings and at only three-times estimates for 2006, based on oil at $52 per barrel.

In May, the airline industry trade group predicted that United States airlines would lose $6 billion this year, based on oil prices at an average of $47 a barrel.

"Diplomacy based on oil is simply ridiculous," said Ignacio Layrisse, former head of exploration and production at the state oil company, Petróleos de Venezuela.

Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%.

"Nigeria is basically an economy that is based on oil.

A lot of the plastic materials we use are based on oil or oil derivatives.

Each batch of the reaction was carried out at the optimized conditions by adding 5.66 wt.% of the initial water based on oil weight, 3.88 of methanol to tung oil molar ratio and 13.24 wt.% of enzyme concentration based on oil weight at 40°C for 48 h.

The vehicles are based on oil-in-water or water-in-oil carriers.