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Article: Venezuela's state oil company halts oil sales to Exxon Mobil
- Article from:
- AP Worldstream
- Article date:
- February 13, 2008
- Author:
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Venezuela's state oil company said Tuesday that it has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's court bid to freeze billions of dollars in Venezuelan assets.
Exxon Mobil is locked in a dispute over the nationalization of its Venezuelan oil ventures that has seen President Hugo Chavez threaten to cut off all supply to the United States. Venezuela is currently the United States' fourth largest oil supplier.
Tuesday's announcement by state-run Petroleos de Venezuela SA, or PDVSA, was limited to Exxon Mobil, which PDVSA accused of "judicial-economic harassment" for its efforts to freeze the company's assets in U.S. and European ...