ExxonMobil has argued that PdVSA breached obligations under an investment treaty . Venezuela and ExxonMobil are feuding over the This month nationalization of a project . A case is pending before a Exxon dispute arbitration body . President Hugo Chavez Venezuela `` will not recognize any decisions '' of the panel . 2007 a Venezuela -based body said Venezuela owes World Bank $ 907 million .
Venezuela and ExxonMobil are feuding over the This month nationalization of a project . A case is pending before a Exxon dispute arbitration body . President Hugo Chavez Venezuela `` will not recognize any decisions '' of the panel . 2007 a Venezuela -based body said Venezuela owes World Bank $ 907 million .