Agoracom: Small Cap Investment - Crystallex International - Re: Venezuela insists that the issue of compensation is not at stake but rather the

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Venezuela insists that the issue of compensation is not at stake but rather the

Gil

May 08, 2008 05:59PM

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Re: Venezuela insists that the issue of compensation is not at stake but rather the

in response to

Venezuela insists that the issue of compensation is not at stake but rather the

Gil

posted on May 08, 2008 06:06PM

Just because they did it to Exxon, it doesn't mean they can do it to KRY?

Last summer Chavez ordered PdVSA to take majority stakes in four heavy crude upgrading ventures in the oil-rich Orinoco River basin, one of which was controlled by Exxon. Chavez offered foreign companies minority stakes under new contracts, an offer that Exxon and ConocoPhillips (COP) refused. Both companies called for arbitration proceedings, but Exxon took a tougher stance through asset freeze orders.

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