Breaking: ConocoPhillips is in talks with Venezuela to sell the country’s oil in the U.S. after Caracas seized its assets in 2007, people familiar with the matter say
after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owed by Venezuela, according to people familiar with discussions between the company and Venezuela representatives.
In what are preliminary talks between ConocoPhillips and national oil company Petróleos de Venezuela SA, the two sides are looking at a proposal that could allow the Houston-based company to load, transport and sell Venezuela’s oil in the U.S. on behalf of PdVSA, as the state oil company is known. This would give ConocoPhillips a chance to recover the money it lost in the country and help the U.S. meet its energy needs, the people said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | This $68 Million L.A. Mansion Is Anything but ‘Cookie Cutter’A futuristic, bubble-shaped spec mansion in Los Angeles is coming on the market for $68 million. The seller said he wanted to build a home that could wow people who passed by.
Read more »
WSJ News Exclusive | Alphabet Unit Verily to Trim More Than 200 JobsVerily, a healthcare unit of Alphabet, is laying off more than 200 employees as part of a broader reorganization, the first major staff reductions to hit Google’s parent following a wave of layoffs at other technology companies
Read more »
WSJ News Exclusive | A Belgian Diamond Mogul’s Miami Beach Home Lists for $45 MillionFabrice Finkelstein is listing his waterfront home in Miami Beach's Venetian Islands for $45 million. Completed in 2022, the property has a dock and a 57-foot-long heated pool with a hot tub.
Read more »
WSJ News Exclusive | China Likely to Name U.S. Specialist as Next Ambassador to WashingtonChina is likely to nominate Xie Feng, a vice foreign minister, as its new ambassador to Washington, people familiar with the matter say, continuing a tempering of the abrasive “Wolf Warrior” style that has defined Chinese diplomacy in recent years
Read more »
WSJ News Exclusive | China Moves to Repair Ties With Australia by Lifting Coal BanChina effectively ended a ban on Australian coal in the latest indication that Beijing is taking a less confrontational approach in its foreign policy as its economy struggles
Read more »