12 Days
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المشهد العربي
American oil firms discuss Venezuela land rights
ExxonMobil and ConocoPhillips have engaged in direct negotiations with the Venezuelan government to resume their investment activities after nearly twenty years of absence. They are demanding guarantees, long-term contracts, and compensation owed since their assets were nationalized in Venezuela during Hugo Chávez's era. The Venezuelan government has shown flexibility in discussing various regulatory frameworks to enhance investment cooperation prospects. The discussions include coordination meetings between the companies and officials from the U.S. Embassy and Colompetas Venezuela in Houston.
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