(Bloomberg) -- ConocoPhillips will quit Venezuela
after investing $2.5 billion in oil and natural gas projects as
talks about ownership failed, said a person on the government's
side of the negotiations.
Exxon Mobil Corp. will also leave, the Wall Street Journal
and Reuters reported, citing unnamed people familiar with the
government and company positions in the negotiations. Talks
could still restart, Reuters reported, citing the people.
Read more at Bloomberg Energy News
after investing $2.5 billion in oil and natural gas projects as
talks about ownership failed, said a person on the government's
side of the negotiations.
Exxon Mobil Corp. will also leave, the Wall Street Journal
and Reuters reported, citing unnamed people familiar with the
government and company positions in the negotiations. Talks
could still restart, Reuters reported, citing the people.
Read more at Bloomberg Energy News
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