News
International Arbitration Tribunal Rules ConocoPhillips is Owed $2.04 Billion in its Dispute with PDVSA
ConocoPhillips announced today that it is owed $2.04 billion from Petróleos de Venezuela, S.A. and two of its subsidiaries as a result of the decision of an international arbitration tribunal constituted under the rules of the International Chamber of Commerce. The ruling arises out of ConocoPhillips’ contracts with those entities and is in response to the...
ConocoPhillips announced today that it is owed $2.04 billion from Petróleos de Venezuela, S.A. and two of its subsidiaries as a result of the decision of an international arbitration tribunal constituted under the rules of the International Chamber of Commerce. The ruling arises out of ConocoPhillips’ contracts with those entities and is in response to the...