Putin: Russia must remain secular state in relations with all religionsRussian Politics & Diplomacy December 08, 17:29
Lavrov: Russia calls to set up anti-drug unit in OSCERussian Politics & Diplomacy December 08, 17:18
Top diplomat calls on NATO countries to stop military build-up near Russia’s bordersRussian Politics & Diplomacy December 08, 17:17
Putin says state must react to violations of convicts’ rightsRussian Politics & Diplomacy December 08, 16:59
Russian diplomat: Relations between Moscow, Jerusalem at highest point everRussian Politics & Diplomacy December 08, 16:46
Russia’s Kamaz-Master team may suspend participation in Dakar RalliesSport December 08, 16:17
Novak says US will not participate in OPEC's meeting with independent oil exportersBusiness & Economy December 08, 16:17
Diplomat says West beginning to see no global war on terrorism could be won without RussiaRussian Politics & Diplomacy December 08, 16:12
Russian foreign minister calls for honest look at Europe’s migration crisisRussian Politics & Diplomacy December 08, 16:02
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.