CARACAS, Venezuela, Jan. 9 (UPI) -- U.S. supermajor Exxon Mobil is asking far too much from the Venezuelan government in a case involving assets in the country, the Venezuelan president said.
The International Chamber of Commerce last week ordered Venezuela's state-controlled oil producer Petroleos de Venezuela to pay Exxon about $747 million for the 2007 seizure of oil wells in the country. That's only around 10 percent of what the company wanted, however, and Exxon said it would take the matter up with the World Bank next month.