Re: Venezuela Says Statoil, Total Won't Develop Junin 10 Block

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GWhatesmidgets

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Re: Venezuela Says Statoil, Total Won't Develop Junin 10 Block

in response to

Venezuela Says Statoil, Total Won't Develop Junin 10 Block

mineonmoney

posted on Jan 21, 2010 07:08PM

But according to the ministry, "The proposals presented by the companies Statoil and Total didn't meet the required conditions."

I'm going to go out on a limb here...I'm guessing required conditions included losing money on their investment on the part of Statoil & Total..

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