McLaren report’s allegations to be taken to legal courts — former Sports Minister MutkoSport December 09, 21:41
Russia-Ukraine-EU gas talks to continue — EC energy chiefBusiness & Economy December 09, 21:11
Russian diplomat says concept of Syria’s moderate opposition has failedRussian Politics & Diplomacy December 09, 20:58
Hollywood star Schwarzenegger to appear in Russian adventure filmSociety & Culture December 09, 20:53
Restoration of Palmyra possible after ending of hostilities in Syria — ministerSociety & Culture December 09, 20:35
Gazprom ready to supply gas to Ukraine — Russia’s energy ministerBusiness & Economy December 09, 20:08
WADA chief alarmed over statements in McLaren reportSport December 09, 19:04
Russian sports minister: McLaren’s words on "institutional conspiracy" erroneousSport December 09, 18:59
Russian PM says sanctions 'not worth loss they cause for business'Business & Economy December 09, 18:24
CARACAS, January 9 (Itar-Tass) — Venezuela will pay Exxon Mobil $250 million and not $12 billion in compensation for assets nationalised in 2007, President Hugo Chavez said during his weekly TV show “Alo Presidente” (Hello President) on Sunday.
He described as “absurdly overstated” the U.S. company’s initial requirements.
An arbitration panel of the World Bank ruled that Venezuela’s state oil company PDVSA should compensate the U.S. firm $908 million.
Chavez noted that “after several deductions” this sum reduces to $250 million.
Last week Venezuela’s oil company said although the arbitration body ruled that PDVSA should compensate $908 million, debts owed by Exxon and $300 million frozen in PDVSA’s U.S. accounts during the court action should be deducted from this sum.