Monday, June 25, 2007

Exxon, Conoco refuse to sign Venezuela deal: sources

(Reuters) - A day before a deadline to accept terms for the government
to take a majority stake in four heavy-crude upgrading
projects, the companies' decision greatly increases the chances
they will leave the OPEC nation.




Four other companies -- Chevron Corp. , Norway's
Statoil , Britain's BP Plc and France's Total
-- are working toward signing an accord that will
keep them involved in the projects, the officials said.


Read more at Reuters.com Business News

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