politics
Exxon Nears Oil Pumping Deal in Venezuela
The U.S. oil company is negotiating an agreement to resume oil production in Venezuela. The talks would end a long-running standoff with the country's government.
May 21, 2:58 PM·1m read2 sources
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The U.S. oil company Exxon is negotiating a deal to pump oil in Venezuela. The agreement would end a standoff with the country's government.
Background on the Standoff Exxon previously halted its activities in Venezuela due to sanctions and policy disputes. The current negotiations mark a shift in the relationship between the company and Venezuelan authorities.
Both sides are working toward final terms for the oil production agreement. The deal would allow Exxon to restart pumping operations under new conditions.
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