[Ost-news] Hugo Knows the Value of His Tar

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

Exxon Mobil Seeks Arbitration Over Venezuela Assets (Update4) 

By Jim Kennett and Steven Bodzin

Sept. 12 (Bloomberg) -- Exxon Mobil Corp., the world's largest oil company, filed for arbitration in a dispute over assets seized by the Venezuelan government. 

The Irving, Texas-based company's 41.7 percent stake in the heavy oil project had a net-book value of about $750 million at the time of the expropriation, according to a regulatory filing today. The company said it requested arbitration Sept. 6 with the International Centre for Settlement of Investment Disputes.

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    [1]: http://oilsandstruth.org/hugo-knows-value-his-tar

URL: http://oilsandstruth.org/hugo-knows-value-his-tar