Minister of Energy and Petroleum and CEO of state oil firm Pdvsa Rafael Ramírez Tuesday said the ruling issued by a London court against US oil major Exxon Mobil "is 100 percent favorable for Venezuela."

"The whole country should know that the decision is 100 percent favorable to Venezuela's allegations, and could say that we have defeated Exxon Mobil in the London court," Ramírez added.

The minister claimed that the decision shows that Exxon Mobil's arguments were disallowed. Ramírez stressed that a summary of the ruling would be published on Tuesday, while the full decision would be disclosed next Thursday.
 
"We reserve the right to do anything we may deem appropriate to seek compensation for our country, our corporation. But since these are strictly legal issues, we have to wait until Thursday, when the judge's ruling will be published."

According to Ramírez, the decision "revokes any action by Exxon Mobil to freeze our assets, the pressure on international banks, the whole maneuver implemented worldwide. Above all, this international manipulation that was even supported domestically against our country's interests has been dismantled."