Adam Varga + 123 AV April 26, 2018 ConocoPhillips won a $2 billion arbitration against Venezuela’s state-controlled oil company over the 2007 expropriation of two oil projects, among the biggest so far against Venezuela's national oil company PDVSA. But this company has defaulted on more than $2.5 billion in debt and isn't expected to make any payments to ConocoPhillips. Good luck collecting, ConocoPhillips. Quote Share this post Link to post Share on other sites
Vlad Kovalenko + 115 VK April 26, 2018 They’ll never receive a dime. That’s the risk when dealing with totalitarian regimes. Quote Share this post Link to post Share on other sites
BlackTortoise + 103 CM April 26, 2018 And not only Conocophillips but other companies that are suing for assets taken by Venezuela's socialist government. Maduro stopped paying to creditors last year when their debts were $150 billion. Quote Share this post Link to post Share on other sites