Venezuela asks ExxonMobil to talk, drop legal cases
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Venezuela has asked US oil giant ExxonMobil to resume World Bank-sponsored talks to resolve a nationalization dispute and to drop legal cases in New York and London, Energy Minister Rafael Ramirez said Tuesday.
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Exxon Mobil and ConocoPhillips yesterday rejected a deal to stay in multibillion-dollar projects that Venezuela is nationalizing, increasing the chances two of the world's top oil companies will leave the OPEC nation, two sources close to the talks said.
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CARACAS, Venezuela  - Venezuelan President Hugo  Chavez froze ongoing bilateral accords and energy deals with  Colombia on Friday in retaliation for the abduction of a  leading Colombian Marxist rebel from Venezuela.
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President Hugo Chavez on Sunday threatened to stop sending oil to the United States if it continued to attack Venezuela as he said it had done through an Exxon Mobil  lawsuit that has frozen the assets of the OPEC nation.
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PORTO ALEGRE, Brazil  - Venezuelan President Hugo  Chavez said on Sunday the final resolution to the worst  diplomatic dispute between Venezuela and Colombia in years will  depend on the outcome of a meeting between the two countries'  presidents this week.
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Some oil majors have rejected Venezuela's terms for the takeover of their multi-billion dollar projects and can leave the OPEC nation, President Hugo Chavez said on Friday, days before a deadline for them to strike nationalization deals.
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Venezuela's leading opposition candidate called Wednesday for President Hugo Chavez's government to play clean in Sunday's presidential election amid signs of a widening political divide in the country.
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Exxon Mobil Corp  has moved to  freeze up to $12 billion in Venezuelan assets around the world  as the U.S. company fights for payment in return for the  state's takeover of a huge oil project last year.
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The United States backed Exxon Mobil Corp's effort on Wednesday to win compensation from Venezuela for seized assets in a case that has prompted the OPEC nation to threaten to cut off oil supplies to America.
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Venezuelan President Hugo Chavez presided Friday at a regional petroleum summit in Cuba, pressing his efforts to counter U.S. influence in Latin America and the Caribbean by suggesting more of his neighbors could pay for cheap oil with goods or services in lieu of cash.
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Some oil majors have rejected  Venezuela&#39;s terms for the takeover of their multi-billion  dollar projects and can leave the OPEC nation, President Hugo  Chavez said on Friday, days before a deadline for them to  strike nationalization deals.
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CARACAS -- The Organization of Petroleum Exporting Countries, which pumps 40 percent of the world's oil, will address possible oil output reductions when members meet in Nigeria Dec. 14, Rafael Ramirez, Venezuela's oil and energy minister, said yesterday.
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Venezuela plans talks with Panama next week on the possibility of pumping oil from the Caribbean to the Pacific through an existing pipeline, Foreign Minister Ali Rodriguez said Wednesday.
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Venezuela on Thursday vowed to strip some of the world's biggest oil companies of their controlling stakes in the heavy crude projects of the Orinoco Belt "within months".
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Venezuela rejected criticism by a U.S. State Department spokesman of a proposed media law that government legislators are trying to approve in the National Assembly, said an official Wednesday.
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CARACAS, Venezuela  - Venezuelan President Hugo  Chavez declared a "fight to the death" on Thursday against  corruption and urged supporters to give up material possessions  a day after the oil-rich nation was criticized as among the  most graft-ridden in the world.
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Exxon Mobil Corp  has won court  orders freezing up to $12 billion in Venezuelan assets around  the world as it fights for compensation for operations lost to  President Hugo Chavez's nationalization drive.