Exxon plans to send a technical team to Venezuela in a few weeks, an executive tells Reuters
Exxon Mobil plans to send a technical team to Venezuela in a few weeks after resolving logistical and security arrangements, an executive said on Tuesday. Reuters The U.S. oil major will work with the Venezuelan government and if the right investment terms are established, "we will be interested in returning," said Senior Vice President Jack […].
TL;DR
- Exxon Mobil plans to send a technical team to Venezuela in a few weeks.
- Logistical and security arrangements have been resolved.
- The company will work with the Venezuelan government and is interested in returning if investment terms are suitable.
- Exxon's previous assets in Venezuela were expropriated twice.
- Exxon has improved its technology for heavy crude resources since leaving Venezuela in 2007.