No. of Recommendations: 1
...with that give Chevron complete control over the allotted oil fields. One of the big losers in Chavez' nationalization was ConocoPhillips. They have been in court, for years, trying to recover. I'm pretty sure they would push back against Chevron being handed everything.
from the net sifter
ConocoPhillips is pursuing recovery from Venezuela through legal means after the country expropriated its assets, a process that began with an $8.5 billion arbitration award in 2019. Recent developments include the dismissal of Venezuela's appeal in January 2025, US government licenses in October 2024 allowing ConocoPhillips to pursue debt recovery from Venezuelan state oil company (PDVSA) accounts, and a court order in Trinidad and Tobago in September 2024 to seize payments from gas projectsMeanwhile, the assets of Citgo, the US division of PDVSA, are up for auction.
Citgo Auction Turns Ugly as Venezuela Fights to Keep Its Last Crown Jewelhttps://finance.yahoo.com/news/citgo-auction-turns...And, because his nibs wants to be CEO of everything, I expect him to demand a major share of stock in PDVSA, after the invasion/revolution.
Steve...cue Joel Grey and Liza Minnelli
