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21

OPEC Bakced Venezuela in Its Dispute with Exxon

Organization of Petroleum Exporting Countries backed Venezuela in its dispute with the U.S. top oil giant ExxonMobil

Organization of Petroleum Exporting Countries backed Venezuela in its dispute with the U.S. top oil giant ExxonMobil over a move by the government to take control of a heavy oil project, the cartel ministers said.

The ministers expressed support for Venezuela "in the exercise of its sovereign rights over its natural resources in accordance with international law" and called for a resolution of disputes "through good faith and amicable negotiations, and excluding ex parte pre-judgment measures which will make finding fair solutions more difficult".