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The firm is seeking an undisclosed amount of compensation following the expropriation of its Petrozuata and Hamaca heavy crude projects by Venezuela in 2007.
ConocoPhillips' latest filing is a separate legal action from its pending case with the World Bank's arbitration court ICSID. The firm is seeking US$20bn as compensation for the seizure of oil assets in Venezuela.
BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.