Monday, February 11, 2008

Venezuela moves bank accounts after Exxon embargo (Reuters)



A sign shows the price of gas at an Exxon gas station in Portland, Oregon April 26, 2007. Venezuelan state oil company PDVSA has moved its export payment accounts to UBS bank in Switzerland, traders said on Monday, after Exxon Mobil Corp secured an embargo of up to $12 billion of PDVSA's global assets. (Richard Clement/Reuters)Reuters - Venezuelan state oil company PDVSA has
moved its export payment accounts to UBS bank in
Switzerland, traders said on Monday, after Exxon Mobil Corp
secured an embargo of up to $12 billion of PDVSA's global
assets.




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