Friday, January 24, 2025
HomeStock MarketVenezuela loses attraction of $8.5B ConocoPhillips arbitration award (NYSE:COP)

Venezuela loses attraction of $8.5B ConocoPhillips arbitration award (NYSE:COP)


luismmolina/iStock by way of Getty Photos

A world arbitration court docket upheld an award that ordered Venezuela to pay ~$8.5B to ConocoPhillips (NYSE:COP) over the expropriation of its crude oil property in 2007, Argus reported Thursday.

The World Financial institution’s Worldwide Centre for the Settlement of Funding Disputes



Supply hyperlink

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments