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Feb. 12th, 2019 04:50 pmIn November, Venezuela reached a deal with Canadian mining firm Crystallex International Corp that had sought to collect an arbitration award against Venezuela by seizing Citgo via a court order. The government agreed to pay $1.2 billion in installments to protect Citgo.
PDVSA in August agreed a $2 billion settlement with ConocoPhillips after the U.S. producer had seized PDVSA Caribbean assets in an attempt to enforce its claim.
https://www.reuters.com/article/us-owens-venezuela-lawsuit/u-s-glass-firm-sues-venezuela-to-collect-500-million-expropriation-award-idUSKCN1Q1061
PDVSA in August agreed a $2 billion settlement with ConocoPhillips after the U.S. producer had seized PDVSA Caribbean assets in an attempt to enforce its claim.
https://www.reuters.com/article/us-owens-venezuela-lawsuit/u-s-glass-firm-sues-venezuela-to-collect-500-million-expropriation-award-idUSKCN1Q1061