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Venezuela must pay Exxon $1.6 billion for nationalizations: ICSID
2014-10-10 00:47:26| Oil & Gas - Topix.net
A World Bank arbitration tribunal has determined Venezuela must pay Exxon Mobil Corp around $1.6 billion to compensate for a 2007 nationalization, the award posted on the ICSID website Thursday showed. A separate decision by the Paris-based ICC in 2012 ordered Venezuela state oil company PDVSA pay Exxon $908 million.
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Category:Energy and Environment
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