ConocoPhillips Appears Ready To Take Control Of Venezuelan Oil Sector Assets To Enforce $2 Billioin Arbitration Award -- May 7, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title ConocoPhillips Appears Ready To Take Control Of Venezuelan Oil Sector Assets To Enforce $2 Billioin Arbitration Award -- May 7, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : ConocoPhillips Appears Ready To Take Control Of Venezuelan Oil Sector Assets To Enforce $2 Billioin Arbitration Award -- May 7, 2018
link : ConocoPhillips Appears Ready To Take Control Of Venezuelan Oil Sector Assets To Enforce $2 Billioin Arbitration Award -- May 7, 2018

ConocoPhillips Appears Ready To Take Control Of Venezuelan Oil Sector Assets To Enforce $2 Billioin Arbitration Award -- May 7, 2018

From SeekingAlpha:

• ConocoPhillips has moved to take Caribbean assets of Venezuela’s PDVSA oil company to enforce a $2B arbitration award, actions that could further harm PDVSA's declining oil production and exports
• COP has targeted facilities on the islands of Curacao, Bonaire and St. Eustatius that accounted for ~25% of Venezuela’s oil exports last year and play key roles in processing, storing and blending PDVSA’s oil for export
• COP’s actions could further impair PDVSA’s declining oil revenue and Venezuela's collapsing economy; the country is almost completely dependent on oil exports, which have fallen by a third since its peak and its refineries ran at just 31% of capacity in Q1

See post, May 5, 2018, just two days ago.

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