Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.
Reply New Message
Back To Forum List View
ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.

ifeelyellow
Apr 25, 2018 04:42PM
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.

auntierooski
Apr 25, 2018 04:54PM
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.

auntierooski
Apr 25, 2018 04:59PM
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.
2
Don-wys
Apr 25, 2018 08:50PM

Nope, Conoco will not wait for $5 million monthly payments from Venezuela.

They will go for CITGO head first. $2 billion now and $4 billion from the ICSID award (it is in the award calculation phase) will do the trick. They will first put a lien on the property and wait for a couple of month for a cash payment. If / when it does not materialize, Conoco will execute an attachment order.

The Conoco lawyers will register the ICC award in NY "yesterday", to get the process underway.

Conoco is no hat in hand collector.

1 Recommendations
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.
2
auntierooski
Apr 25, 2018 10:39PM
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.
1
Don-wys
Apr 25, 2018 11:12PM
Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.
1
allmyshoes
Apr 25, 2018 11:58PM
Reply New Message
Back To Forum List View
Share
Share
New Message
Please login to post a reply