28 March 2024
Venezuela ordered to pay ExxonMobil USD 1.6 billion over Orinoco expropriation
Publication date: 10 October 2014
Gas Strategies Group
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The World Bank’s arbitration tribunal on Thursday ordered Venezuela to pay ExxonMobil USD 1.6 billion in compensation for the country’s expropriation of oil projects in the Orinoco oil belt.