Venezuela's U.S. assets too hard to freeze: Exxon
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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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A top U.S. diplomat warned Friday that Venezuela cannot afford to drive away the major oil companies affected by President Hugo Chavez's decision to takeover the nation's most promising oil-producing operations.
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The Venezuelan leader wants to export more oil to China
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The U.S. government must respect Venezuela's sovereignty and stop meddling if it wants to improve ties with its fourth-largest oil supplier, Foreign Minister Ali Rodriguez said on Wednesday.
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Exxon Mobil Corp. and ConocoPhillips refused to sign deals Tuesday to keep pumping heavy oil under tougher terms in Venezuela's Orinoco River basin, signaling their departure from one of the world's largest oil deposits.
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Venezuela president threatens to cut off oil supplies to the US if it continues an "economic war".
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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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President Hugo Chavez, seeking to reduce Venezuela's dependence on selling oil to the United States, said Friday his country will give China greater access to its oil and natural gas resources.
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The world's oil producers don't have much capacity to increase output, which should keep prices high throughout 2005, Venezuela's oil minister said Thursday.
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The Energy Department will hold off purchases of oil for the government's emergency reserve through the upcoming winter, the department said Monday.
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VILLAVICENCIO, Colombia  - A Venezuelan-sponsored plan to free three hostages held by Colombian rebels was stalled by the guerrillas' failure to reveal their location, and Venezuelan President Hugo Chavez said it may unravel if the stalemate drags on.
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Exxon Mobil  and ConocoPhillips , two of the world's top oil companies, have refused to sign a deal to stay in multi-billion dollar Venezuelan projects that are being nationalized, officials said on Monday.
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CARACAS, Venezuela  - The United States shouldbuild on its mutually reliant energy ties with oil supplierVenezuela and seek better cooperation with President HugoChavez to fight terrorism and drug-trafficking, three U.S.senators said on Monday.
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Venezuelan President Hugo Chavez threatens to cut off his country's oil shipments to the United States if a court ruling goes forward ordering Venezuelan assets be frozen in a case brought by Exxon Mobil.
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By Patrick Markey CARACAS, Venezuela  - The U.S. government mustrespect Venezuela's sovereignty and stop meddling if it wantsto improve ties with its fourth-largest oil supplier, ForeignMinister Ali Rodriguez said on Wednesday.
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Exxon Mobil Corp.  plans to hand operations of a multibillion-dollar oil project to the Venezuelan state before a May 1 deadline imposed by President Hugo Chavez, industry sources told Reuters on Thursday.
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Venezuela accused Exxon Mobil of legal  "terrorism" on Friday after the giant oil company won court  orders freezing $12 billion of the major crude supplier's  assets in a dispute at the heart of a worldwide fight for  control of natural resources.