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ConocoPhillips ‘not close’ to recouping 2 billion dollars from PDVSA

HOUSTON, WILLEMSTAD – U.S. oil producer ConocoPhillips is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA, Conoco’s chief executive said this week. Conoco has won court orders allowing the company to begin seizing PDVSA assets in efforts to collect on an award by the International […]