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01 October 2009

Venezuela's PDVSA To Fight ConocoPhillips Over Refinery Takeover.

LAHT/
Venezuela said that it was considering taking legal action against ConocoPhillips after it confirmed exercised an option to buy PDVSA out of a jointly-owned refinery in Sweeny, Texas.
The refinery is not the only issue at stake between ConocoPhillips and PDVSA. The two also dispute compensation for controlling interest held by ConocoPhillips in the Faja oil field in the Orinoco Basin.
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Labels: ConocoPhillips, Faja field, Orinoco region, PDVSA
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