Venezuela suspends supply of oil to Exxon Mobil

Business Materials 13 February 2008 06:40 (UTC +04:00)

( dpa ) - Venezuelan state oil company Petroleos de Venezuela (PDSVA) suspended its supply to Exxon Mobil, due to the "legal-economic harassment" actions undertaken by the US firm, PDVSA said Tuesday.

In a statement, PDVSA said the move is an act of "reciprocity" after the largest private oil company in the world filed for compensation following the nationalization of its refinery facilities in Venezuela.

Exxon Mobil declined to comment on PDVSA's decision, although it vowed to keep its supply commitments with its own clients.