Exxon wins oil dispute with Venezuela

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Source: BBC

Exxon won the case with Venezuela's government on the compensation for nationalization of the company's crude oil project. The amount of compensation totaled $908m that is $1bn less than the Venezuelan government offered three months ago.  Exxon hopes for better court decision on the case regarding nationalization of Cerro Negro oil project.

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Mon, 02 Jan 2012 14:06:21 GMT

French new-car registrations decline by 18% last month

France's new car registrations tumbled 18% last month on a yearly basis. The decline was expected by analysts. French car manufacturers saw a 29% drop in registrations, while foreign producers faced only a 4.3% fall last month. During the 2011, new car registrations dropped 2.1% with Peugeot Citroen seeing a fall by 4.9% and Renault experiencing a decline of 9.6%.

Mon, 02 Jan 2012 16:44:39 GMT

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