Exxon Likely To Whip Chavez’a Ass
NEW YORK (AP) - A federal judge in Manhattan on Wednesday confirmed the freezing of $300 million in cash held by Venezuela’s state-run oil company, finding it probable that Exxon Mobil Corp. will succeed in its legal battle against the company.
U.S. District Judge Deborah A. Batts confirmed the “order of attachment” after listening to arguments from lawyers for both sides.
Earlier Wednesday, Venezuela vowed to defeat Exxon Mobil in its effort to freeze Venezuelan assets in the United States and Europe in its dispute with the state oil company Petroleos de Venezuela SA, or PDVSA.
The order came in a case in which Irving, Texas-based Exxon Mobil has battled the oil company over the nationalization of its Venezuelan oil ventures.
The company is challenging the nationalization of one of four heavy oil projects in the Orinoco River basin, one of the world’s richest oil deposits.
A British court issued an injunction last month temporarily freezing up to $12 billion of PDVSA’s assets.
Be respectful of others and their opinions. Inflammatory remarks and inane leftist drivel will be deleted. It ain’t about free speech, remember you’re in a private domain. My website, my prerogative.
If you can't handle using your real email address, don't bother posting a comment.
HA! That’ll teach ole Hugo to try to steal what ain’t his. I have a feeling that thug is about to learn a hard lesson in world politics….beyond losing to Exxon.
February 14th, 2008 at 2:46 amHow about an EXXecutiON for Humongo Chavalita?
February 14th, 2008 at 5:00 amSo, Oil companies are evil huh? People’s States are growing and taking away privatization, which is what makes the gas flow to your tanks.
February 14th, 2008 at 5:27 am