Oil & Gas News

ConocoPhillips Bids for Citgo Using Claims, Not Cash

Citgo Petroleum, a Houston-based oil refiner owned by Venezuela’s state oil company PDVSA, is at the center of a historic case to settle Venezuelan debts. The South American nation has defaulted on billions of dollars of bonds, and expropriated assets from foreign companies, including ConocoPhillips. Conoco’s Claim ConocoPhillips is the largest creditor in the case, […]

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