© 2024 88.9 KETR
Public Radio for Northeast Texas
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Exxon Mobil Wins Arbitration Against Venezuela

According to Exxon Mobil, an arbitration body has awarded the company nearly $908 million in a dispute with Venezuela. 

The International Chamber of Commerce confirmed that a Venezuelan state oil company “does have a contractual liability” according to the Irving-based company. Exxon turned to international arbitration after Venezuela nationalized an oil project in 2007.