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A $2 Billion Ruling Adds to Venezuela's Woes

May 14, 2018 | 09:00 GMT
A photograph shows the logo of Venezuelan state-owned oil company PDVSA at a gas station in Caracas during November 2017.

Courts may allow ConocoPhillips to take control of key PDVSA assets in the Caribbean, including a refinery and two storage facilities.

(FEDERICO PARRA/AFP/Getty Images)

An international panel ordered Caracas to pay ConocoPhillips for nationalizing its assets in 2007. To collect, the U.S. oil company is going after Venezuelan facilities in the Caribbean; that move threatens to further erode the country's stability....

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