ExxonMobil has signed an MoU with PDVSA, a first step toward returning to Venezuela nearly two decades after its assets were expropriated. The deal gives it a year to evaluate oil areas, including its former Orinoco project.


ExxonMobil has signed an MoU with PDVSA, a first step toward returning to Venezuela nearly two decades after its assets were expropriated. The deal gives it a year to evaluate oil areas, including its former Orinoco project.