VENEZUELA SIGNS A MEMORANDUM WITH EXXONMOBIL FOR THE OIL MAJOR’S RETURN AFTER LEAVING IN 2007
Venezuela on Monday signed a memorandum of understanding with US oil company ExxonMobil with a view to its return to the country, which it left in 2007 after the nationalisation of the last privately held oilfields under Hugo Chávez’s government. The document is not a contract, and no investment figures or timelines have been disclosed.º
Key Developments
- •Dispatch filed via MercoPress.
- •Prolific News Network LATAM desk tracking developments.
- •Rolling broadcast analysis streaming live on Prolific Watch Hub.
Venezuela on Monday signed a memorandum of understanding with US oil company ExxonMobil with a view to its return to the country, which it left in 2007 after the nationalisation of the last privately held oilfields under Hugo Chávez’s government. The document is not a contract, and no investment figures or timelines have been disclosed.º
Source: MercoPress. Prolific Newsroom is monitoring this developing story across our regional bureaus and will update as more information is confirmed.
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