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Venezuela won't have to pay Exxon US$1.4b: panel

Published Sun, Mar 12, 2017 · 09:50 PM
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Washington

A WORLD Bank panel has overturned part of a ruling ordering Venezuela to pay US$1.4 billion to ExxonMobil in compensation for nationalising a company project 10 years ago.

In an 85-page ruling, the Washington-based International Centre For Settlement of Investment Disputes (ICSID) agreed with Venezu…

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