Venezuela to fight Exxon's 'judicial' terror

Exxon 'aims to subject us to a situation of judicial terrorism, of legal terrorism,' Venezuelan Energy and Oil Minister Rafael Ramirez told reporters on Friday. "We are not going to back down; we are going to beat them in this battle ... If they think that with this they will get us to backtrack on our nationalization policies, well, gentleman from Exxon Mobil, you are dead wrong again." Petroleos de Venezuela won't face cash flow problems as a result of the court order, Ramirez said, promising the company will continue to deliver oil to its customers.