ExxonMobil may return to Venezuela almost 20 years after its assets were expropriated
PDVSA has signed a memorandum of understanding with ExxonMobil. The document has no legal force but is seen as a first step toward a joint venture or production-sharing agreement. This comes against the backdrop of an energy agreement between Caracas and Washington signed on August 28 to develop 17 fields.
Otabek Yusupov