situation report

Venezuela: State Oil Company to Pay Debt Owed to ConocoPhillips

May 22, 2018 | 20:31 GMT

Lawyers from Venezuela's state-owned energy company Petroleos de Venezuela (PDVSA) and U.S. company ConocoPhillips agreed in Curacao on May 21 to lift liens of PDVSA assets, Argus reported May 22. The two sides are close to reaching a deal on a $2 billion arbitration award that PDVSA owes ConocoPhillips. ...

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