ConocoPhillips Takes Venezuela Refinery as ICC Award Enforced in US Court
Tuesday, September 8, 2015
Posted by: Alisa Allen
"Because Venezuela had breached the contract by not supplying crude and not contributing further investment to the venture, ConocoPhillips was able to take PDVSA's share of the refinery for literally zero - free," says Russ Dallen, an international lawyer who follows Venezuela's cases as head of investment bank Caracas Capital Markets.
http://www.laht.com/article.asp?ArticleId=2395952&CategoryId=10717
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