2009-08-19-2007-11-01
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Estimated Price
$200.0MM
Description
May purchase assets.
Venezuela state-owned oil company PDVSA may purchase assets in Argentina from ExxonMobil, Irving, Texas, (NYSE: XOM) for an estimated $200 million, according to a report by Reuters. ExxonMobil was ousted from Venezuela earlier this year following greatly higher taxation of all Venezuelan oil assets. ExxonMobil is seeking international arbitration for compensation of a multibillion-dollar project in the Orinoco region.