MercoPress. South Atlantic News Agency

Venezuela signs a memorandum with ExxonMobil for the oil major’s return after leaving in 2007

Venezuela on Monday signed a memorandum of understanding with US oil company ExxonMobil with a view to its return to the country, which it left in 2007 after the nationalisation of the last privately held oilfields under Hugo Chávez’s government. The document is not a contract, and no investment figures or timelines have been disclosed.º Read full article