You are here: Home » Reuters » News
Business Standard

PDVSA moves to protect exports as Conoco seizures weigh - sources

Reuters 

By Marianna Parraga(Reuters) - Venezuela's PDVSA has halted crude deliveries to a Caribbean refinery ahead of a planned shutdown and changed some trade terms as it moves to protect its oil exports from seizures in a bruising legal dispute with U.S.-based ConocoPhillips, sources with knowledge of the moves said on Friday.Conoco last week began legal actions in the Caribbean to enforce a $2 billion arbitration award by the International Chamber of Commerce (ICC) over the 2007 nationalisation of its projects in Venezuela. The moves have disrupted fuel deliveries throughout the Caribbean, much of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, May 11 2018. 22:59 IST
RECOMMENDED FOR YOU