PDVSA defeats bulk of billion-dollar Conoco claim
The headquarters of PDVSA in the Venezuelan city of Maracaibo (Credit: Wikimedia Commons)
Venezuela’s state-owned oil group PDVSA has defeated the bulk of a US$1.5 billion ICC claim brought by US energy company ConocoPhillips over the expropriation of an offshore oil project – just months after an ICSID tribunal ordered the state to pay a record award for seizing that and other assets.
To read more
Subscribe to Global Arbitration Review
Subscribe and start reading now
Global Arbitration Review (GAR) is the online home for international arbitration specialists, telling them everything they need to know about all the developments that matter.
Subscribe now