Venezuela foresees a successful end in 2011 or 2012 to battles over "rude" compensation claims by Exxon Mobil Corp and ConocoPhillips, Energy Minister Rafael Ramirez said on Monday."We'll probably have news on that in 2011-2012," he told reporters of the U.S. majors' demands for payment for assets nationalized by the South American nation three years ago.
"Our teams are defending the whole Republic from the rude aspirations of the transnationals. We are ready to finish this battle, I think we are going to be successful."
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Source: Reuters
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