Conoco authorized to seize $636 million in Venezuela PDVSA assets

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Conoco authorized to seize $636 million in Venezuela PDVSA assets

posted on May 13, 2018 01:48AM

WILLEMSTAD Reuters - - A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization of the U.S. oil major’s projects in Venezuela.

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https://www.reuters.com/article/us-conocophilipps-pdvsa/conoco-authorized-to-seize-636-million-in-venezuela-pdvsa-assets-idUSKCN1ID0QP

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