ExxonMobil sues Cuban companies for nationalized assets

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ExxonMobil sues Cuban companies for nationalized assetsUS giant ExxonMobil has filed a lawsuit against Cuba's state-owned oil company and a major business group for what it called 'unlawful trafficking' of its assets after Fidel Castro's 1959 revolution. The suit, filed Thursday in federal court in Washington, seeks $280 million from Cuba-Petroleo (Cupet) and Cimex, which operates service stations on the island nation. The lawsuit from America's biggest oil producer came as the administration of US President Donald Trump lifted the suspension of Title III of the 1996 Helms-Burton Act.


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