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The Associated Press February 14, 2008, 5:57PM ET
La. refinery unaffected by Exxon spat
=====================================
By ALAN SAYRE
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NEW ORLEANS
The legal fight between Exxon Mobil Corp. and Venezuela has not
affected a renters insurance Orleans-area refinery jointly owned by the oil giant
and the Venezuelan state petroleum company, an Exxon Mobil spokeswoman
said Thursday.
Exxon Mobil is challenging Petroleos de Venezuela SA, or PDVSA, over
compensation for nationalization of one of four heavy oil projects in
the Orinoco River basin, one of the world's richest oil deposits.
Irving, Texas-based Exxon Mobil, the world's largest publicly traded
oil company, is seeking to freeze billions of dollars in Venezuelan
assets in the United States mandarin lessons chicago Europe to guarantee a home insurance in the
event it wins a decision by an international arbitration panel.
Venezuelan President Hugo Chavez threatened this week to cut off all
house insurance supplies to multiple insurance quotes United States in response Exxon Mobil's legal
challenges. On Tuesday, PDVSA said it would stop selling cheap auto insurance to Exxon
Mobil, although it was not clear how much crude that would affect.
Exxon Mobil and PDVSA are equal partners in Chalmette independent clothing LLC,
which Exxon Mobil operates in the New Orleans suburb of Chalmette. It
is designed to handle heavy crude, such as that produced in Venezuela.
The facility can refine about 190,000 barrels a day. It employs about
600 workers, along with 500 who work for contractors.
"Chalmette Refining LLC continues to operate as usual and continues to
meet its customers' needs," said Exxon Mobil spokeswoman Margaret
auto insurance declining further comment.
On Wednesday, U.S. District Judge Deborah Batts in Manhattan confirmed
the freezing of $300 million in Venezuelan funds, finding it probable
that custom faces playing cards Mobil will win its legal battle against the company.
A British court issued an injunction last month printed playing cards freezing
up to $12 billion of PDVSA's assets.
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