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Exxon Claims Us$12 Billion In PDVSA Assets In Lawsuit About Nationalized Oil Resources

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/11371

Exxon Claims Us$12 Billion In PDVSA Assets In Lawsuit About Nationalized Oil Resources

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Title: Exxon Claims Us$12 Billion In PDVSA Assets In Lawsuit About Nationalized Oil Resources
Author: LADB
Subject: British
court
freeze
Petroleos de Venezuela
Hugo Chavez
case
seized
energy
companies
International Center for Settlement of Investment Disputes
bluff
Orinoco
belt
region
SEC
US Secutities and Exchange Comission
policies
economic
war
imperialist
Abstract: A British court order on Feb. 7 supposedly froze up to US$12 billion in assets belonging to Petroleos de Venezuela S.A. (PDVSA), Venezuela's state-owned oil company, in a case brought by oil giant ExxonMobil Corporation. The case stemmed from losses ExxonMobil alleged to have suffered when Venezuelan President Hugo Chavez nationalized his country's petroleum resources. Chavez's government rejected the court decision, calling it "judicial terrorism," and denied that PDVSA assets were frozen.
Date: 2008-02-29
URI: http://hdl.handle.net/1928/11371
ISSN: 10604189


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