Sunday, January 1, 2012

Exxon-Mobil Awarded Almost $1 Billion against government of Venezuela in Nationalization of Oil Project

An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said yesterday.
President Hugo Ch├ívez’s government nationalized an oil project in the country in 2007.


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