Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 02.19.2018
News Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local

Members Of

Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Feb 13,2008
Venezuela cuts ties with ExxonMobil
by UPI

CARACAS, Venezuela -- Venezuela's state oil company said Tuesday it would suspend the sale of crude oil to U.S. oil giant Exxon Mobil amid an ongoing legal battle between the two.

Venezuelan President Hugo Chavez said the company is not welcome in his country and that PDVSA, the state firm, would no longer due business with Exxon, Globovision reported online.

Exxon Mobil won a court battle to freeze about $12 billion in assets belonging to PDVSA.

Last year, Venezuela took over the Exxon Mobil project in the oil-rich Orinoco Belt during its nationalization of the oil sector.

While most other foreign firms accepted the terms of the nationalization, in which PDVSA assumed majority control of their projects, Exxon Mobil refused -- leading to the seizure of its stake in Orinoco.

Copyright © 2008, by United Press International. All Rights Reserved.

751 times read

Related news
1989 Exxon Valdez spill back in court by UPI posted on Dec 20,2007

Supreme Court to hear Exxon Valdez appeal by UPI posted on Oct 29,2007

Chavez: Venezuela not ready for socialism by UPI posted on Dec 04,2007

Taking Stock: Is Big Oil running out of gas? by Malcolm_Berko posted on May 04,2007

U.S. Supreme Court ignores gun cases by UPI posted on Nov 13,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 28 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County

Tower Theatre
Tower Theatre

The High Desert Museum


Deschutes County

  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?