Conoco seizes PDVSA funds in Trinidad
Offshore oil rig off the coast of Trinidad and Tobago (Credit: shutterstock.com/Ievgenii Bakhvalov)
ConocoPhillips has persuaded a court in Trinidad and Tobago to appoint a receiver over payments the Caribbean country owes to Venezuela’s PDVSA, as part of the US oil company’s efforts to recover US$1.3 billion under an ICC award.
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