Conoco moves to take over Venezuelan PDVSA's Caribbean assets: sources

May 6, 2018 by  
Filed under News

HOUSTON (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to two sources familiar with its actions.

Source: Reuters Business News

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