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International Centre for Settlement of Investment Disputes

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  • Exxon Mobil asks court to recognize payment from Venezuela

    HOUSTON (Reuters) - Oil company Exxon Mobil asked a U.S. District Court on Friday to recognize a World Bank arbitration ruling that Venezuela must pay $1.6 billion over a nationalization claim filed in 2007.
  • Venezuela says to pay less than $1 billion to Exxon over nationalization

    CARACAS (Reuters) - Venezuela will end up paying less than $1 billion to Exxon Mobil Corp for oil assets nationalized in 2007, after this week's World Bank tribunal award, the Venezuelan government said on Friday. Venezuela says it will deduct a previous...

    Venezuela ordered to pay Exxon $1.6 billion for nationalization

    CARACAS (Reuters) - A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion....

    Exclusive: Venezuela to pay Exxon for nationalization from November - source

    CARACAS (Reuters) - Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA [PDVSA.UL] said on Thursday....