ConocoPhillips Settles with Venezuela’s PDVSA to Recover $2 Billion

Arbitration Agreement

U.S. producer ConocoPhillips on Monday said Venezuela’s PDVSA agreed to pay $2 billion to settle an arbitration award, suspending a dispute that blocked the state-run oil firm from exporting crude from most of its key Caribbean facilities. To read the full article, click here.

For more information on the ruling, contact Phillip Hoover or Ed Ezekiel.