11:42 am By Jennifer Woodard Maderazo · Money|Politics|Venezuela · Comments Off
21 Feb 2008
Venezuela’s government settled with three oil companies, totaling $1.8 billion.
France’s Total, Norway’s Statoil and Italy’s ENI agreed to the settlement after accepting the book price for the assets that PDVSA took over.Total accepted $834m, ENI accepted $700m and Statoil received $266m, France’s AFP news agency reported.
Not included in the settlement is Exxon, seeking $12 billion, granted to the U.S. company in a settlement. Venezuela disputes that Exxon invested that much money, saying it was closer to $1.2 billion.
Via / BBC
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