ConocoPhillips (COP) is awarded $66M by an international arbitration panel in a dispute with...


ConocoPhillips (COP) is awarded $66M by an international arbitration panel in a dispute with Venezuela's state-controlled oil company over oil production at its former facilities in the country. Hugo Chavez has said he won't accept rulings by the global arbitration forum, so the award is little more than a moral victory - "not a needle mover."

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Comments (7)
  • smfairbank
    , contributor
    Comment (1) | Send Message
     
    Terminate him...
    22 Sep 2012, 04:49 AM Reply Like
  • redorb
    , contributor
    Comment (1) | Send Message
     
    Agreed!
    23 Sep 2012, 06:21 AM Reply Like
  • jenn8555x
    , contributor
    Comments (2) | Send Message
     
    Little care for the rule of law, the tyrants method.
    23 Sep 2012, 05:57 AM Reply Like
  • jenn8555x
    , contributor
    Comments (2) | Send Message
     
    Why expect a tyrant to respect the rule of International law? For Conoco and all others who conduct business in potentially hostile places, this is to be considered the new normal....
    23 Sep 2012, 05:57 AM Reply Like
  • Philguy
    , contributor
    Comments (10) | Send Message
     
    Question: Is there an available legal process that would allow expropriation by COP/PSX of any property value in the PDVSA share of the JV unit at Sweeny Refinery from PDVSA as restitution/retribution?
    23 Sep 2012, 06:24 AM Reply Like
  • Philguy
    , contributor
    Comments (10) | Send Message
     
    I have history and interest in COP/PSX.
    23 Sep 2012, 06:26 AM Reply Like
  • Philguy
    , contributor
    Comments (10) | Send Message
     
    Not equipped for pictures
    25 Sep 2012, 03:22 PM Reply Like
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