Venezuela's state petroleum company Petroleos de Venezuela said Tuesday it was suspending supplies of crude to US oil giant ExxonMobil, accusing it of "harassing" economic behavior.The move by Venezuela comes after ExxonMobil secured international court orders freezing up to 12 billion dollars in assets of Venezuela's state oil firm Petroleos de Venezuela (PDVSA).
The court orders were issued as part of an international arbitration sought by ExxonMobil to gain compensation for the leftist Venezuelan government's nationalization of key oil fields in the Orinoco basin.
Source: TurkishPress
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