Exxon Must Undo False Accusations Against Venezuelan Oil Company – Political Opinion

Thursday marked the deadline for ExxonMobil to undo the damage it had done to the international reputation of the Venezuelan state oil company PDVSA by pursuing a $12 billion freeze of PDVSA assets in early February during international arbitration in...

Exxon Is Demanding Ten Times Its Investment, Says Venezuelan Oil Minister

The maximum compensation ExxonMobil should receive for its nationalized 41.6% stake in the Cerro Negro Orinoco River belt project is $1.2 billion, the Venezuelan Minister of Energy and Petroleum and President of the Venezuelan state oil company PDVSA,...

Venezuelan Minister: Oil Company Asset Freeze is “Judicial Terrorism”

Venezuela’s Energy Minister, Rafael Ramirez, characterized a series of court orders obtained by Exxon Mobil Corp. in Britain, the Netherlands, and the Dutch Antilles, freezing up to $12 billion in assets of Venezuelan state oil firm PDVSA, as “judicial...