December 21, 2023
Venezuela and its state-owned oil company can't escape litigation brought by ConocoPhillips in an attempt to collect on an $8.5 billion arbitral award by targeting the entity's shares in Citgo's parent company, a Delaware federal judge has ruled, saying there's nothing "inequitable" about the effort to enforce the award.
September 26, 2023
Venezuela and its Petróleos de Venezuela S.A. implored a Delaware federal judge to toss litigation filed by ConocoPhillips targeting the state-owned oil company's shares in Citgo's parent to collect on an $8.5 billion arbitral award, slamming ConocoPhillips' "have its cake and eat it too" approach.