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Article: Venezuela Takes on Exxon Mobil in Oil Play

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AP Online
Article date:
March 30, 2006
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NATALIE OBIKO PEARSON, AP Business Writer
AP Online
03-30-2006
Dateline: CARACAS, Venezuela


Venezuela's President Hugo Chavez, right, thanks Cardinal Jorge Liberato Urosa Savino after Savino spoke at a ceremony marking his arrival from Italy after being elevated to cardinal, at Simon Bolivar international airport on the outskirts of Caracas, Venezuela, Thursday, March 30, 2006. (AP Photo/Leslie Mazoch)

Venezuela had a blunt message this week for Exxon Mobil, one of the world's most powerful oil companies: Get off my crude-rich turf.

Venezuela is tightening its squeeze on the oil industry, telling oil companies to give the state a greater share of profits _ or get out.

Oil Minister Rafael ...

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