Friday, February 8, 2008

Venezuela's top oil official on Friday accused Exxon Mobil Corp. of 'judicial terrorism'

Venezuela's top oil official on Friday accused Exxon Mobil Corp. of 'judicial terrorism' and said court orders won by the oil major do not amount to confiscation of more than $12 billion in assets. Exxon Mobil has gone after the assets of state oil company, Petroleos de Venezuela SA, in U.S., British and Dutch courts as it challenges the nationalization of a multibillion dollar oil project by President Hugo Chavez's government.

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