Thursday, March 6, 2008

Exxon Mobil Corp must wait one more week to see whether a U.K. judge will uphold a $12 billion freeze pn PDVSA assets

Exxon Mobil Corp., the world's biggest oil company, must wait one more week to see whether a U.K. judge will uphold a freeze it sought on as much as $12 billion of assets belonging to Petroleos de Venezuela SA. Judge Paul Walker in London told lawyers today he would likely issue a ruling by the end of next week, said Gordon Pollock QC, the English barrister for PDVSA.

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