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Conoco Phillips Wins Judgement Against PDVSA #4739181 04/26/18 02:50 AM
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Nyogtha Offline OP
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Conoco Phillips won a $2 billion judgement against seizure of its assets in Venezuela last decade, which of course became part of the Venezuelan national oil company PDVSA. This judgement represents about 20% of the Venezuelan government reserves. What remains to be seen is CoP actually collecting the judgement it was awarded.

https://www-foxnews-com.cdn.ampproject.o...ezuela.amp.html


And Chevron has evacuated its workers from Venezuela in the wake of employees being arrested on charges of treason for not signing an inflated supply contract agreement, previously posted. See also in the article below how many companies (not all American) have written off their investments in Venezuela and / or are awaiting overdue payments.


https://mobile-reuters-com.cdn.ampproject.org/c/s/mobile.reuters.com/article/amp/idUSKBN1HW2BD

Last edited by Nyogtha; 04/26/18 03:11 AM.

"No matter how paranoid you are you're not paranoid enough. Tell the truth. Reach as many people as you can with it. That's your weapon." - Susanne Modeski, aka "Holly" to The Lone Gunmen
Re: Conoco Phillips Wins Judgement Against PDVSA [Re: Nyogtha] #4739197 04/26/18 03:56 AM
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wemay Offline
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The arrests of Chevron executives pushed them over the edge. I would pull out every asset asap if i were one of these multinationals.


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: wemay] #4739271 04/26/18 06:24 AM
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daves87rs Offline
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Originally Posted By: wemay
The arrests of Chevron executives pushed them over the edge. I would pull out every asset asap if i were one of these multinationals.



Agreed. Things are going to get nasty....


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: Nyogtha] #4739328 04/26/18 07:05 AM
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Virtus_Probi Offline
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Venezuela and its oil industry circling the bowl are also other factors pushing worldwide oil prices up...


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: Nyogtha] #4739339 04/26/18 07:15 AM
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pbm Offline
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What's really sad is that so many Americans want Venezuela type government here.....


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: Nyogtha] #4739428 04/26/18 08:52 AM
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JohnnyJohnson Online Content
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Now the only trick is going to be getting the money when was the last time you ever saw a communist country that honored any court decision that went against them.


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: JohnnyJohnson] #4739532 04/26/18 10:32 AM
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wemay Offline
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Originally Posted By: JohnnyJohnson
Now the only trick is going to be getting the money when was the last time you ever saw a communist country that honored any court decision that went against them.


Exactly.


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: pbm] #4755311 05/12/18 06:45 PM
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Oregoonian Offline
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Originally Posted By: pbm
What's really sad is that so many Americans want Venezuela type government here.....
How very true...........


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Re: Conoco Phillips Wins Judgement Against PDVSA [Re: Nyogtha] #4755312 05/12/18 06:46 PM
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Oregoonian Offline
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Originally Posted By: pbm
What's really sad is that so many Americans want Venezuela type government here.....
How very true...........


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Pnz. Ultra 0w20 / Fram 'Ultra'/ OCI: 8000 +/-
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