Exxon Is Nearing a Preliminary Deal to Invest in Venezuela’s Oil Fields
5 Articles
5 Articles
Exon, an American oil company, is negotiating a possible return to Venezuela 19 years after its departure as part of a preliminary investment agreement for oil fields. "Exon Company is close to signing a preliminary agreement to explore the possibility of investing in several Venezuelan oil fields, negotiating a potential return to the country almost two decades after its departure," writes Wall Street Journal (WSJ). According to the newspaper's…
The US oil company negotiates with PDVSA a possible return to the country, 19 years after its departure The post WSJ: Exxon approaches a preliminary agreement to invest in Venezuela's oil fields appeared first on El Carabobeño.
The agreement could include deposits hosting a total of 50,000 million barrels of oil, the WSJ published. ExxonMobil did not immediately respond to Reuters' request for comment.
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