ConocoPhillips signs settlement with PDVSA to recover $2B from arbitration
August 20, 2018 at 14:09 PM EDT
That case was related to the Petrozuata and Hamaca heavy crude oil projects, which ConocoPhillips helped Venezuela develop. The company filed for arbitration in 2014, claiming the government expropriated ConocoPhillips’ investments in their entirety in 2007 without paying compensation.
