Curacao court OKs Conoco seizing Venezuelan oil assets


A court on the Dutch island of Curacao has authorized the local subsidiary of U.S. oil giant ConocoPhillips to seize $636 million worth of assets held on the island by Venezuela’s state oil company, PDVSA.

The move comes as Houston-based Conoco seeks to recover $2 billion in a decade-old dispute over the expropriation of its Venezuelan oil projects by the OPEC nation’s socialist government, which is struggling with an economic crunch…

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