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.