Venezuela Tallies Lawsuit Cost

摘要

Venezuela calculates it will pay no more than $2.5 billion to Exxon Mobil and ConocoPhillips in looming arbitration rulings over oil nationalizations, Energy Minister Rafael Ramirez said. Ramirez said he expected rulings this year from a World Bank tribunal in the dispute over projects taken over in 2007 by the government of President Hugo Chavez.