ExxonMobil to meet with Venezuelan officialsFirst of five international oil companies operating in Orinoco tar belt to challenge royalty tax increase; Conoco puts offshore project on hold The Associated Press
ExxonMobil, the world’s largest oil firm, said March 3 that it plans to meet with Venezuelan officials to discuss a royalty tax hike imposed by President Hugo Chavez’s government.
The royalty rate for ExxonMobil’s Cerro Negro heavy crude upgrading project, along with three other projects operating....
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Ramierez not open to negotiations
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