ExxonMobil has signed a memorandum of understanding with the Venezuelan government and its state-owned oil company to explore potential business opportunities in the country. The agreement opens a channel for the two sides to discuss possible collaboration in Venezuela's energy sector. The move marks a notable engagement between the American oil major and Venezuela, a country whose oil industry has long been shaped by state control.
ExxonMobil has signed a memorandum of understanding with the Venezuelan government and its state-owned oil company to explore opportunities in the country.
