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ExxonMobil is seeking arbitration over a dispute with Venezuela about the takeover of its oil assets.
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Fast Facts
- Exxon made its case to the [http: //www.worldbank.org/icsid/ International Centre for Settlement of Investment Disputes]
- Dispute revolves around the amount of compensation Exxon wants for the 41.7% stake in the Orinoco Belt oil field - worth an estimated $750m
- Venezuela took over the oil project as part of a nationalization drive
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The Mahalo Top 7
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BBC News: Exxon seeks deal on Venezuela oil (Sept 13, 2007)
news.bbc.co.uk -
Yahoo! News: Exxon Venezuela Oil Dispute
news.search.yahoo.com -
Energy Publisher: Venezuela: Energy profile
energypublisher.com -
Wall Street Jounrnal: Exxon Asks for Arbitration (Sept 13, 2007)
online.wsj.com -
Venezuela Analysis: Oil Minister Calls on Exxon and Conoco to Leave Venezuela (Aug 30, 2007)
venezuelanalysis.com -
Financial Times: Venezuela avoids missteps with Orinoco heavy crude creditors (Aug 23, 2007)
ft.com -
Reuters: Venezuela talks to take several months
uk.reuters.com (October 15, 2007)
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BBC News: Exxon seeks deal on Venezuela oil (Sept 13, 2007)
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Questions and Answers About Exxon Venezuela Oil Dispute | View All | Ask a Question
View All Exxon Venezuela Oil Dispute Questions (248) | Ask a QuestionWill the O.A.S. allow Hugo Chavez to be the next Hitler? It's clear this is the direction Venezuela is heading towards. Will it be to late? (3 Answers)As a Venezuelan I can say that the O.A.S. it's a lost case, they have already allowed Chavez to violate the democratic card not one, but several times. Hugo Chavez ... read moreOpen Thread: Miss Universe Stefania Fernandez wins for Venezuela (4 Answers)I'm from Venezuela and I was watching the pageant yesterday, I was thinking that Stefania is very beautiful, but it was against all the odds, she had not a chance ... read moreWhat are the oil and natural gas resources in Nicaragua? (1 Answer)Oil and gas exploring is being done offshore of Nicaragua in the Carribean sea. Infinity Energy Resources and MKJ exploration read more
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