Caracas - Venezuela has moved oil revenue into Swiss banks to avoid a possible seizure of funds by Exxon Mobil in a legal battle that pits leftist anti-U.S. President Hugo Chavez against America's biggest company. The Texas energy giant won court rulings that froze assets belonging to Venezuelan state oil company PDVSA in a hardball maneuver meant to ensure the OPEC nation pays compensation for stealing a multibillion-dollar oil project last year.
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Wednesday, February 13, 2008
Venezuela moves accounts over Exxon
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