Exxon owed $1.6bn by Venezuela for 2007 nationalisation

Venezuela must pay oil giant Exxon Mobil $1.6bn (£1bn) in compensation for assets expropriated in 2007, an international arbitration tribunal has decided. Exxon had claimed $16.6bn in compensation for the nationalisation of its Cerro Negro Project and other losses in 2007. via Pocket http://ift.tt/1oVr9hM