Wednesday, 16 May 2018

ConocoPhillips ‘not close’ to recouping $2 bln from PDVSA- CEO

ConocoPhillips ‘not close’ to recouping $2 bln from PDVSA- CEO

16 May 2018, News Wires – U.S. oil producer ConocoPhillips is nowhere close to recouping the value of a $2 billion arbitration award against Venezuelan state oil company PDVSA, its chief executive said on Tuesday. Conoco has won court orders allowing it to begin seizing PDVSA assets in efforts to collect on the award by …

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