ExxonMobil CEO Sets Conditions Before Committing to a Venezuela Project
Photo: TokenPost
Before putting money into Venezuela, ExxonMobil wants the country’s fiscal rules substantially changed and investor safeguards strengthened, CEO Darren Woods said Oct. 30. Woods said work on those rules and safeguards is underway, but “there’s a way to go.” Exxon wants confidence that a project can be sustained and meet its portfolio return requirements before committing capital. He described the business hurdles as cost competitiveness, sufficient scale and access to technical and operational expertise, which few companies can provide.
Source: TokenPost
