ExxonMobil talks return to Venezuela
ExxonMobil is negotiating a return to Venezuela to evaluate heavy oil projects in the Orinoco Belt. The potential reentry marks a reversal after its exit nearly two decades ago following nationalization.
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EXXON MOBIL CORP is negotiating a return to Venezuela, evaluating a stake in the Petromonagas heavy oil project in the Orinoco Belt. The potential reentry follows nearly two decades on the sidelines after the government nationalized its assets. United States majors are re-entering the OPEC producer following recent policy shifts under President Donald Trump.
