ConocoPhillips gets judge to approve seizing of payments to Venezuela’s PDVSA


Judge Frank Seepersad said his decision was made as there is a risk that PDVSA will move assets from Trinidad’s jurisdiction to avoid paying ConocoPhillips, and pointed to PDVSA’s relocation of its European Headquarters to Moscow as an example of it in the past avoiding its legal obligations.

Reporting by Curtis Williams in Houston – Reuters



This article was originally posted at sweetcrudereports.com

News  OPEC crude oil production remains steady as Iraq, UAE pump above quota

Be the first to comment

Leave a Reply