March 17 Harvest Natural Resources Inc,
an oil and gas producer, posted a bigger fourth-quarter loss
after taking two charges related to the planned sale of assets
to exit Venezuela.
Net loss attributable to the company widened to $112.7
million, or $3.02 per share, in the fourth quarter ended Dec.
31, from $23.1 million, or 59 cents per share, a year earlier.
The results include a loss on the completed portion of the
sale of its 32 percent stake in a joint venture with Petroleos
de Venezuela SA to Argentina's Pluspetrol
Harvest Natural said it also recorded an income-tax expense
of $75.2 million, which was partly related to the recording of
any future tax liability when it completed the sale.