Venezuela oil tax to take 50 pct above $70/bbl: report

CARACAS, April 2 (Reuters) - Venezuela's Congress is proposing an oil windfall tax that will take 50 percent of oil revenues above $70 per barrel, a legislator for the OPEC nation told the state news agency on Thursday.

The tax would also take 60 percent of revenues above $100 per barrel, state news agency ABN quoted legislator Angel Rodriguez as saying. (Reporting by Brian Ellsworth, editing by Jacqueline Wong)