(Bloomberg) -- ConocoPhillips and Exxon Mobil Corp.
will quit oil and natural-gas projects in Venezuela after the
failure of talks with President Hugo Chavez's government, the
country's energy minister said.
The minister, Rafael Ramirez, confirmed the departure of the
companies in signing ceremonies for agreements with four
companies that will continue heavy-oil operations in the country.
They are Chevron Corp., Statoil ASA, Total SA and BP Plc. The
departure of ConocoPhillips and Exxon Mobil was disclosed late
yesterday by a person on the government side of negotiations.
Read more at Bloomberg Energy News
will quit oil and natural-gas projects in Venezuela after the
failure of talks with President Hugo Chavez's government, the
country's energy minister said.
The minister, Rafael Ramirez, confirmed the departure of the
companies in signing ceremonies for agreements with four
companies that will continue heavy-oil operations in the country.
They are Chevron Corp., Statoil ASA, Total SA and BP Plc. The
departure of ConocoPhillips and Exxon Mobil was disclosed late
yesterday by a person on the government side of negotiations.
Read more at Bloomberg Energy News
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