Venezuela cuts Exxon-Mobil compensation payment from 908m to 255m dollars

Venezuela's PDVSA said on Monday it will pay Exxon Mobil Corp 255 million dollars in compensation for nationalized assets, which is less than a third of what the US oil giant said it was awarded by an arbitration panel.

Source: http://en.mercopress.com/2012/01/03/venezuela-cuts-exxon-mobil-compensation-payment-from-908m-to-255m-dollars?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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