Venezuela Loses Appeal of $8.5 Billion ConocoPhillips (NYSE: COP) Arbitration Award


Oil platform in the afternoon

luismmolina/iStock via Getty Images

An international arbitration court maintained an award ordering Venezuela to pay ~$8.5 million to ConocoPhillips (NYSE:COP) on the expropriation of its crude oil assets in 2007, the Argus reported on Thursday.

International Center for the Settlement of Investment Disputes of the World Bank



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