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PDVSA Appeals Conoco's Right To Buy Stake In Refinery Unit

Law360, New York (September 10, 2015, 10:03 PM EDT) -- Venezuelan state-owned oil company Petroleos de Venezuela SA plans to appeal after a New York federal judge upheld ConocoPhillips' acquisition of its 50 percent stake in a coking unit at a Texas refinery, setting the stage for the latest round in the long-running dispute.

PDVSA said in a statement that U.S. District Judge Alison J. Nathan’s Sept. 1 decision to confirm an International Chamber of Commerce International Court of Arbitration award allowing ConocoPhillips to buy its stake of the unit at the once jointly owned Merey...
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