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ExxonMobil Loses Appeal In Effort To Freeze PDVSA Assets In Great Britain

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/11364

ExxonMobil Loses Appeal In Effort To Freeze PDVSA Assets In Great Britain

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Title: ExxonMobil Loses Appeal In Effort To Freeze PDVSA Assets In Great Britain
Author: NotiSur
Subject(s): Venezuela
Petroleos de Venezuela
Hugo Chavez
Oil
resources
international
fraud
court
case
nationalization
World Bank
1997 Agreement
indemnify
commitment
arbitration
harassment
campaign
compensation
Organization of Petroleum Exporting Countries
OPEC
natural
tax
Abstract: On March 18, a British judge rejected a previous ruling that froze US$12 billion of assets belonging to Venezuela's state-owned oil-company Petroleos de Venezuela S.A. (PDVSA). The ruling was a reversal for Exxon Mobil Corporation , which has been seeking to freeze PDVSA assets in Europe prior to an arbitration process regarding Exxon claims the Venezuelan government failed to compensate the company adequately when President Hugo Chavez nationalized the country's large oil resources
Date: 2008-04-04
URI: http://hdl.handle.net/1928/11364
ISSN: 10604189

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