No menu items!

Loss of assets in Venezuela: US court upholds compensation for Conoco

On Friday, August 19, a US court upheld a default judgment against US oil producer ConocoPhillips of US$8.75 billion over the expropriation of its Venezuelan oil assets.

The decision gives the US company new authority to recover the amount awarded by a World Bank tribunal in 2019.

The award includes interest that will increase the amount owed to Conoco by at least US$1 billion. Venezuela seized Conoco's assets during . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content