ExxonMobil to Receive $255M for Venezuelan Venture

Venezuela said on Monday that it would compensate oil giant ExxonMobil $255 million for its 2007 nationalization of a joint venture project in the South American nation.
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ExxonMobil to Receive $255M for Venezuelan Venture
Venezuelan Minister of Energy and president of state-owned oil company PDVSA (Petroleos de Venezuela) Rafael Ramirez speaks during a press conference in Caracas in February 2008. Venezuela said on Monday that it would pay oil giant ExxonMobil $255 million for its 2007 nationalization of a joint venture project in the South American nation. Pedro Rey/AFP/Getty Images
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<a><img class="size-large wp-image-1794337" title="Venezuelan Minister of Energy and president of state-owned oil company PDVSA" src="https://www.theepochtimes.com/assets/uploads/2015/09/79644197.jpg" alt="Venezuelan Minister of Energy and president of state-owned oil company PDVSA" width="590" height="442"/></a>
Venezuelan Minister of Energy and president of state-owned oil company PDVSA

Frank Yu
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