Online

ExxonMobil seeks Orinoco arbitration

US supermajor ExxonMobil said today it was seeking arbitration to break a standoff with Venezuela over compensation for heavy oil operations seized by Caracas earlier this year.

Seeing red: PDVSA workers celebrate the takeover of projects in Venezuela's Orinoco heavy oil belt earlier this year
Seeing red: PDVSA workers celebrate the takeover of projects in Venezuela's Orinoco heavy oil belt earlier this year
  • Jonathan Davis
Published 12 September 2007, 23:24Updated 7 October 2016, 07:34
Americas