Archive for the ‘Exxon’ tag
Poverty Rife in Equatorial Guinea aka Africa’s ‘Kuwait’
UN Integrated Regional Information Networks
NEWS
6 October 2008
Posted to the web 6 October 2008
Malabo
Equatorial Guinea is one of the world’s top 30 oil producers, according to its Ministry of Mines, but corruption watchdog group Global Witness says most in the country still live in poverty. Read the rest of this entry »
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.
Venezuela’s Energy Minister Rafael Ramirez responds to Exxon’s judicial terrorism
Caracas, February 8, 2008 (venezuelanalysis.com) - Venezuela’s Energy Minister, Rafael Ramirez, characterised a series of court orders obtained by Exxon Mobil Corp. in Britain, the Netherlands, and the Dutch Antilles, freezing up to $12 billion in assets of Venezuelan state oil firm PDVSA, as “judicial terrorism,” in a statement today.
