exxonMobil wins freeze of 12 bln dlrs in Venezuelan assets

The Raw Story | ExxonMobil wins freeze of 12 bln dlrs in Venezuelan assets

The US energy giant said Thursday that the High Court in London had granted its request to freeze the assets of Petroleos de Venezuela (PVDSA).

"The freezing order prohibits PDVSA from disposing of its assets worldwide up to a value of 12 billion dollars," said Margaret Ross, an ExxonMobil spokeswoman.

The company said it has also secured separate orders from courts in the Netherlands and Netherlands Antilles to freeze assets in those jurisdictions of up to 12 billion dollars. A New York court also froze 300 million dollars.