Posted AT 1:16 PM EST on 18/03/08
U.K. court lifts Exxon freeze on Venezuela assets
LONDON — — A British judge has lifted a $12-billion (U.S.) freeze on Venezuelan assets awarded to U.S. oil major Exxon Mobil Corp. in a spat over a seized oil project.
An English court had frozen the assets of Venezuela's state oil company in January so cash would be available if Exxon won arbitration over an oil project that was lost in President Hugo Chavez's nationalization drive.
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