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Exxon Mobil, Conoco ousted from Venezuela.(Exxon Mobil Corp., ConocoPhillips)(Brief article)
Major U.S. oil firms Exxon Mobil and Conoco Philips are the latest losers in Hugo Chavez' ongoing campaign to nationalize industry in Venezuela. The Associated Press noted that the Chavez government "took majority control of Venezuela's last privately run oil projects May 1 and gave the companies until Tuesday to decide whether they would accept new terms as junior partners." Several companies, including Chevron, British Petroleum, France's Total SA and Norway's Statoil ASA, reached agreements with the Venezuelan government, but Exxon and Conoco, both with significant investments in the country, did not, and opted instead to walk away from the unpredictable neo-communist regime in Caracas.
The agreement reached between the remaining oil producers and Venezuela was announced by Oil Minister Rafael Ramirez in a televised ceremony, according to Business Week. ...
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...that teams-up EXXON MOBIL and PEQUIVEN is...olefins complex in Venezuela. The proposed...the year 2004. EXXON MOBIL. employs a total...of PETROLEOS DE VENEZUELA S.A. (PDVSA...amp; Treasurer EXXON MOBIL CORP. - Head Office...PETROQUIMICA DE VENEZUELA (PEQUIVEN) ...
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Angry rhetoric from Venezuela makes an amicable resolution seem unlikely, but Exxon Mobil would like to resolve...ways" the dispute over Venezuela's appropriation of...Olsen, chairman of Exxon Mobil International, told...
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...Produccion e Industrializacion de Venezuela, Petroleos de Venezuela (PDV), and Germany's...the Orinoco Belt of eastern Venezuela. The initial production rate...Produccion, as a subsidiary of Exxon Mobil, has a 41.67% stake...
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Exxon Mobil has struck back hard in...major oil project seized by Venezuela last year. The US supermajor...oil company Petroleos de Venezuela (PDV). Exxon's actions...case it launched against Venezuela last year. "In order for...
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Venezuela has removed Exxon Mobil from a $3 billion petrochemicals...division of state oil firm Petroleos de Venezuela (PDV), on a project to produce...On Jan. 20, Pequiven informed Exxon Mobil Chemical that Pequiven would not...
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- Newspaper article from: The Oil Daily Batty, James Vasquez, Patricia I. February 29, 2008 700+ words
The bitter fight between Exxon Mobil and Venezuela over compensation for last year...State oil company Petroleos de Venezuela (PDV) asked a judge to overturn...third party, the government of Venezuela". Seeking compensation for...
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Venezuela, Sep 5, 2001 Exxon Mobil de Venezuela, part of the Operadora Cerro Negro in association with Pdvsa...affect its own and others' investment attitudes towards Venezuela. This is what is dictated by a new draft law for fuels set...
