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SCOOP: ConocoPhillips has been granted a string of licenses by US Treasury that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by #Venezuela, sources tell me and @MitchellFerman. https://t.co/hRYW34ybFz
ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela, @EMPosts @MitchellFerman report https://t.co/4QMoXJk6eD
ConocoPhillips has been granted a string of licenses by the US government that allow the oil and gas producer to better position itself to recover some or all of the roughly $10 billion it is owed by Venezuela https://t.co/lMywoisE26
Siemens Energy has initiated a lawsuit in a Texas court against PDV Holding, the parent company of Citgo Petroleum, seeking to recover approximately $200 million due to a default on a promissory note linked to Venezuela. This legal action comes amid a broader context where holders of billions of dollars in Venezuelan bonds and notes are becoming significant players in a separate U.S. court case that will determine the ownership of Citgo Petroleum. Additionally, ConocoPhillips has received multiple licenses from the U.S. government, enabling the oil and gas producer to potentially recover some or all of the estimated $10 billion owed to it by Venezuela. These developments raise questions about the future of Citgo and the implications for Venezuelan assets in the U.S.
