Business5 sources
Exxon Signs Preliminary Deal to Return to Venezuela Oil Fields
- ExxonMobil has signed a preliminary agreement with Venezuela to evaluate oil opportunities.
- This move brings the biggest U.S. oil company closer to pumping oil again in Venezuela.
- The agreement follows ExxonMobil's previous stance calling Venezuela 'uninvestable' due to its condition.
- The deal involves formalizing negotiations to operate one or more oil fields in the country.
- The agreement is a step towards ExxonMobil potentially re-entering the Venezuelan oil market.
Articles (5)
The Wall Street Journal·
Exxon Takes First Step Toward Investing in Venezuela
The New York Times·
Exxon Strikes Preliminary Deal to Return to Venezuela
Financial Times·
ExxonMobil explores return to Venezuela after calling nation ‘uninvestable’
Bloomberg·
ExxonMobil Signs Deal in Step Toward Re-Entering Venezuela
Reuters·
Exxon signs preliminary agreement with Venezuela to evaluate oil opportunities