Venezuela Bites Back at ExxonMobil
The head of Venezuela's state oil company accused ExxonMobil (XOM) of trying to "take the country hostage" and said on Feb. 8 that Venezuela would seek to overturn court orders freezing more than $12 billion of the company's assets. The statement was the latest twist in a dispute with ExxonMobil over the oil giant's demand to be compensated for the nationalization of two projects it had in the South American country.
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