13 May 2018, Sweetcrude, Lagos – A Curacao court has authorised ConocoPhillips to seize about $636 million in assets belonging to Venezuela’s state oil company, PDVSA, due to the 2007 nationalisation of the U.S. oil major’s projects in Venezuela. The legal action is the latest in the Caribbean to enforce a $2 billion arbitration award …
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Court authorises Conoco to seize $636m assets belonging to Venezuela’s PDVSA
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