Nothing left for Exxon, Venezuela says CARACAS, Venezuela, Jan. 11 (UPI) -- With a dispute with Exxon Mobil headed to an international court of arbitration, the Venezuelan oil minister said there's nothing left to offer. Venezuelan Oil Minister Rafael Ramirez said his country wouldn't respect any decision regarding pending matters before the World Bank. "There is nothing else to award; everything has been judged in the case of Exxon," he was quoted by news agency El Universal as saying. A joint venture between Russian energy company TNK-BP and Petroleos de Venezuela announced Wednesday they aim to increase oil production in Venezuela by 20 percent to 145,000 barrels per day in 2013. A proposed January 2011 deal between BP and Rosneft for work in the arctic collapsed after TNK-BP said the proposal violated terms of its shareholder agreement with BP. Rosneft later landed a similar deal with U.S. supermajor Exxon Mobil.