Re: more on the exxon decision (BBC explained it, 2 different cases)
posted on
Jan 02, 2012 11:25AM
"Analysts have said the country's aggressive nationalisation strategy may have deterred foreign investors and limited oil production.
But despite the moves, which saw Exxon and Conoco Philips leave the country, other oil firms have continued to invest .
In 2010, US firm Chevron and Spain's Repsol signed investment deals to exploit resources in the country's Orinoco belt." ___________________________ Translation: "In 2010, US firm Chevron and Spain's Repsol signed up for future arbitration cases against Venezuela."