Venezuela angered by ConocoPhillips move on Caribbean oil

Venezuela on Thursday strongly rejected the takeover of its Caribbean oil stocks by ConocoPhillips, after the US company enforced a $2 billion international arbitration award last month. A ConocoPhillips source said the company was enforcing the award at four locations in the Caribbean, without specifying the facilities affected. Press reports said the affected assets are in Curacao, Bonaire and Saint Eustace.

from Yahoo News - Latest News & Headlines https://ift.tt/2rAPFhV
May 11, 2018 at 02:18AM