Exxon Must Undo False Accusations Against Venezuelan Oil Company

Thursday marked the deadline for ExxonMobil to undo the damage it had done to the international reputation of the Venezuelan state oil company PDVSA by pursuing a $12 billion freeze of PDVSA assets in early February after during international arbitration in a dispute over a nationalized Orinoco Oil Belt project. The order to come clean on false accusations against PDVSA's credibility was part of the decision by British Judge Paul Walker on Tuesday to revoke the asset freeze.