As I posted yesterday, courts in Britain, the Netherlands and the United States agreed to freeze assets worth $2 billion U.S. dollars owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), by granting Exxon an injunction. The reason for the injuction is so that Exxon would receive payment should it win arbitration over Venezuela’s nationalization of the Cerro Negro heavy oil project that the Venezuelan government nationalized.
Monica Showalter of Investor’s Business Daily, and venezuelan blogger Alek Boyd of VCrisis discuss the injuction and what it means for Venezuela. The podcast is scheduled for 2PM Eastern.
I’ll open chat by 1:45, and the call-in number is (646) 652-2639. Join us!
