London Court Rules in Favor of Venezuela in Dispute with Exxon
Mérida, March 18, 2008 (venezuelanalysis.com)- British Judge Paul Walker declared in a London courtroom today that the freezing of $12 billion in assets of the Venezuelan state oil company PDVSA shall be revoked. The decision is a major defeat for the world’s largest oil company, ExxonMobil, which had won the temporary asset freeze on February 7th in a dispute with PDVSA over the nationalization of Exxon’s stake in a Venezuelan Orinoco River Belt project, known as Cerro Negro.“We can say that we have won another battle, another victory for our people, for our government, and the most important is that it is another victory for our country,” declared Venezuelan Oil and Petroleum Minister Rafael Ramírez regarding the decision.
Sentencia del tribunal de Londres genera jurisprudencia para países productores de petróleo
Caracas.- La sentencia de la Corte de Londres en torno a las acciones legales emprendidas por la firma ExxonMobil sentó una jurisprudencia “muy importante a la hora de que cualquier empresa transnacional intente llevar a tribunales a un país que está manejando soberanamente sus recursos naturales”, aseveró el ministro del Poder Popular para la Energía y Petróleo y presidente de Petróleos de Venezuela, S.A. (PDVSA), Rafael Ramírez, durante una entrevista transmitida este martes por Telesur.
