Friday, June 22, 2007

RPT-UPDATE 1-Venezuela says some oil majors reject takeovers

(Reuters) - CARACAS, June 22 - Some oil majors have rejected
Venezuela's terms for the takeover of their multi-billion
dollar projects and can leave the OPEC nation, President Hugo
Chavez said on Friday, days before a deadline for them to
strike nationalization deals.




Exxon Mobil , ConocoPhillips , Chevron Corp.
, Norway's Statoil , Britain's BP Plc and
France's Total are the targeted companies in projects
valued above $30 billion and capable of producing 600,000
barrels per day.


Read more at Reuters.com Bonds News

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