The late president Hugo Chavez
The Venezuelans said that the evidence is quite clear that Exxon is trying to take revenge after their country managed to win all the arbitration cases that were filed against it.
The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) had overturned Exxon’s US$1.6 B claim for damages in 2017.
Immediately after this ruling, former Chief Executive Officer (CEO) of ExxonMobil, Rex Tillerson, the main player in the lawsuits against Venezuela, was named Foreign Secretary of the US by President Donald Trump. Continue reading
