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.
news.google.comThe 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.
Key Facts
Story Timeline
2 events- May 21, 6:03 PM ET
1 new source added: Washington Examiner
1 sourceWashington Examiner - Recent
Exxon entered negotiations to resume oil pumping in Venezuela.
1 sourceThe New York Times
Potential Impact
- 01
Exxon could restart oil production operations in Venezuela if the deal is finalized.
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