Exxon seeks deal on Venezuela oil
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US oil giant Exxon Mobil is seeking arbitration over a stand-off with Venezuela about seized oil assets.
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Venezuela may be making decisions that are confounding oil companies, but the government there says it is merely seeking more income.
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ExxonMobil  sought court orders  in Europe to freeze $12 billion in Venezuela's overseas energy  assets because getting a similar order in the United States  before it won its arbitration case against Venezuela's state  oil company PDVSA would be too difficult under U.S. law, court  papers showed.
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By Pascal Fletcher CARACAS, Venezuela  - Venezuela on Sunday orderedforeign oil firms operating in its huge Orinoco heavy crudebelt to pay much higher taxes in what President Hugo Chavezcalled a drive to tighten sovereign control over petroleumresources.
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SAO PAULO, Brazil  - The United States said on  Monday it will seek better ties with oil-rich Venezuela in the  clearest sign since President Hugo Chavez won a recall  referendum in August that Washington is looking for  reconciliation with the firebrand populist.
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Venezuela has agreed to sell gasoline to Iran, which last week launched a delayed fuel rationing scheme, Venezuela's energy minister said in remarks published on 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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ConocoPhillips and Exxon Mobil refused to meet Venezuelaâs deadline for ceding control of major oil ventures, a move that could mean the loss of billions in investments.
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Venezuelan President Hugo Chavez is ordering foreign oil companies to pay much higher taxes, in a move to tighten state control over his country&#39;s vast petroleum resources.
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Venezuelan President Hugo Chavez  stopped oil exports to Exxon Mobil Corp  on Tuesday,  escalating a multibillion-dollar fight with the U.S. company  two days after threatening to cut off all supplies to America.
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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.
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The Netherlands, Europe&#39;s No. 3 natural- gas producer, will pay Exxon Mobil Corp. and Royal/Dutch Shell Group 2.78 billion euros ($3.
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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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Venezuelan President Hugo Chavez on Thursday set the world's biggest oil companies a May Day deadline to surrender control of multibillion-dollar crude projects, accelerating his raft of nationalizations.
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CARACAS, Venezuela  - Venezuela on Sunday ordered  foreign oil firms operating in its huge Orinoco heavy crude  belt to pay much higher taxes in what President Hugo Chavez  called a drive to tighten sovereign control over petroleum  resources.
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A full-page ad blasting Exxon Mobil appeared in the Venezuelan newspaper Ultimas Noticias on Monday. Drawings of drops of oil went from black at the top of the page to red at the bottom. "Exxon turns oil into blood," the bold-face text declared. Addressing "Exxtranjero" -- the Spanish word for...
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Venezuelan President Hugo Chavez on Thursday said there is an excess of oil on the world market and proposed a minimum price for crude at &#36;50 a barrel. OPEC members have no intention of increasing their oil production despite demands from a number of industrialized nations, Chavez said as he spoke at the group&#039;s meeting in Caracas.