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 Chávez’s government nationalized an oil project in the country in 2007.

http://www.bostonglobe.com/business/2012/01/02/exxon-awarded-for-lost-assets/xZfNkVuJPIJ89znMhxWSnN/story.html