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Message: Venezuela says ops not hit in Exxon move...

Venezuela says ops not hit in Exxon move...

posted on Feb 08, 2008 06:12AM

Venezuela says ops not hit in Exxon move

Fri Feb 8, 2008 11:07am EST
 

CARACAS (Reuters) - Venezuela's oil operations and cash flows have not been affected by court orders won by Exxon Mobil Corp (XOM.N: Quote, Profile, Research) to freeze up assets as the U.S. giant fights for compensation for a project nationalized last year, the nation's energy minister said on Friday.

Minister Rafael Ramirez said Venezuela would introduce a legal response to the rulings this week, which froze $12 billion of state oil company PDVSA's assets around the world.

(Reporting by Brian Ellsworth)

http://www.reuters.com/article/governmentFilingsNews/idUSN0846794520080208

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