This chronology outlines the key milestones of exxonmobil’s role in the transnational war against the bolivarian nation This week, delcy rodriguez, the venezuelan vice president and oil minister, denounced exxonmobil’s conspiratorial scheme to undermine venezuela’s political and economic stability through the u.s Government via sanctions and geopolitical influence The conflict between exxonmobil and venezuela is one of the most contentious sagas in the global oil industry A world bank arbitration tribunal on thursday ordered venezuela to pay exxon mobil corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company pdvsa expects to. Exxonmobil is a multinational oil company headquartered in texas, united states
It is one of the largest oil and gas companies in the world, and is engaged in the exploration, production, refining and marketing of oil and natural gas Regarding its relationship with venezuela, exxonmobil operated in the country from the 1940s until 2007, when the venezuelan government, led by hugo chávez. Exxon reintroduced the claim one year later Exxon was the first international oil company to abandon venezuela after the late president hugo chávez nationalized oil assets a decade ago Conocophillips, which also filed for arbitration for the seizure of its hamaca and petrozuata assets in 2007, could soon see a slice of the proceeds.
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