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ExxonMobil signs agreement with PDVSA to evaluate Venezuelan projects

The Telegraph · ·by G4L

  1. 1ExxonMobil has signed an agreement with PDVSA to evaluate potential projects.
  2. 2ExxonMobil experienced a $1.6 billion loss in Venezuelan assets confiscated in 2007.
  3. 3Chris Wright welcomed Exxon's return.

So what's the key point?

ExxonMobil has agreed to review new business opportunities with a Venezuelan company. This move is drawing attention given the company's previous loss of $1.6 billion in 2007.

Source The Telegraph · View original ↗

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