ExxonMobil shrugs off Cerro Negro loss

US supermajor ExxonMobil does not expect the loss of its stake in Venezuela's Cerro Negro heavy oil project to have any major effects on its operations or finances, it said today.

Lost: the Cerro Negro upgrader complex on Venezuela's Orinoco heavy oil belt
Lost: the Cerro Negro upgrader complex on Venezuela's Orinoco heavy oil belt
Published 2 July 2007, 21:25Updated 7 October 2016, 07:36
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