U.S. oil producer ConocoPhillips will recover about $2 billion under a settlement with Venezuela’s state-run oil company, PDVSA, ending a long-running dispute over the fallout of the nationalization of the country’s oil industry. The dispute heated up in May https://www.reuters.com/article/us-conocophillips-pdvsa/conoco-has-seized-venezuela-pdvsa-products-from-isla-refinery-curacao-idUSKCN1IE0Y8?il=0 when Conoco moved to seize the Caribbean assets of PDVSA, after the International Chamber of Commerce (ICC) ruled that the Venezuelan state oil driller violated several contracts. …read more
Source:: Yahoo Finance
