Venezuela Oil Co. Can't Halt ConocoPhillips' $8.5B Award Bid

By Madeline Lyskawa (December 21, 2023, 5:52 PM EST) -- Venezuela and its state-owned oil company can't escape litigation brought by ConocoPhillips in an attempt to collect on an $8.5 billion arbitral award by targeting the entity's shares in Citgo's parent company, a Delaware federal judge has ruled, saying there's nothing "inequitable" about the effort to enforce the award....

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