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Venezuela ordered to pay Exxon US$1.6b

Saturday, October 11, 2014 - 05:50

New York

A WORLD Bank arbitration panel on Thursday ruled that the Venezuelan government must pay ExxonMobil US$1.6 billion to compensate for taking control of the US firm's heavy-oil project in the country.

A three-member arbitration panel for the Washington-based International

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