Venezuela disputes Exxon's claims
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Venezuela accuses Exxon Mobil of exaggerating the value of firm's former investments in the country.
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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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Venezuela's state oil company stops selling crude oil to Exxon Mobil, amid a legal row between the two giants.
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Ch&#225;vez unlikely to cut off exports because as much as the world needs oil, Venezuela needs customers.
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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 could sue Exxon Mobil  for not paying taxes on some of the oil it produced, President Hugo Chavez said on Sunday, amid an escalating legal battle with Exxon over compensation for nationalized assets.
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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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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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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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CARACAS -- President Hugo Ch&#xE1;vez ordered by decree yesterday the takeover of oil projects operated by foreign oil companies in Venezuela's Orinoco River region. Ch&#xE1;vez previously announced the government's intention to take a majority stake by May 1 in the four heavy oil-upgrading projects run by British Petroleum PLC, Exxon Mobil Corp. , Chevron Corp., ConocoPhillips Co., Total SA, and ...
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Venezuela&#39;s president said Thursday he supports keeping OPEC oil production at current levels, contracting comments by his energy minister who said last week that Venezuela would support a production cut.
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Venezuela on Tuesday suspended oil exports to Exxon Mobil Corp, escalating the country's fight with the U.S. oil giant over compensation for a heavy crude project nationalized by socialist President Hugo Chavez.
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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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Oil traders and ship brokers said on Friday Venezuela's PDVSA state-owned oil company had stopped exports of unleaded gasoline to the United States, but the company denied the reports.
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Venezuela accuses the US of detaining its foreign minister in an airport incident - a charge the US denies.
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The Venezuelan government rejected comments by a senior U.S. official who called President Hugo Chavez a threat to democracy, saying they revealed that Washington's overtures for rapprochement were insincere.
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An effort by Venezuelan President Hugo ChÃ¡vez to build a $20 billion pipeline has generated political and environmental controversy at home and abroad.