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The court ordered Venezuela to pay U.S. companies to eight billion dollars

Latest news / 09.03.2019 at 17:31

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WASHINGTON, 8 Mar - RIA Novosti. Venezuela must pay ConocoPhillips more than $ 8 billion for the confiscation of oil assets in 2007, ruled on Friday the arbitration Tribunal of the world Bank. The Tribunal awarded oil company of 8.14 billion dollars in addition to the $ 2 billion that he demanded the return of previously. While ConocoPhillips sought compensation in the amount of nearly $ 30 billion. Representatives of the company and the Venezuelan government has not yet commented on the decision of the arbitration.