Quartz·2 min read·medium
ExxonMobil signed preliminary oil deal with Venezuela, eyes return
✦AI Summary
ExxonMobil has entered into a non-binding memorandum with Venezuela's state oil company, PDVSA, to explore a potential return to the country. No final contract has been signed, and the deal remains in the preliminary stages.
Why it matters
This signals a potential shift in international energy policy and corporate strategy regarding Venezuela's oil sector.
The non-binding memorandum with PDVSA does not commit the company…
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One other newsroom covered this event. We read that version too.
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