PDVSA defeats bulk of billion-dollar Conoco claim

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.


Get unlimited access to all Global Arbitration Review content