CARACAS (Reuters), 2nd September 2019 – A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips (COP.N) as compensation …
China’s top energy company shuns Venezuela amid new US sanctions
CARACAS (AlJazeera), 19th August 2019 – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions …
“Venezuela’s Restructuring: A Path Forward” – Proposal by Cleary Gottlieb
Mark A. Walker and Richard J. Cooper, from Guggenheim Securities and Cleary Gottlieb respectively, propose a framework for the future renegotiation of Venezuela’s external financial …
ICC tribunal dismisses Conoco’s $1.5 billion claim against PDVSA
CARACAS (Reuters), 2nd August, 2019 – The International Chamber of Commerce’s arbitration tribunal has dismissed U.S. oil company ConocoPhillips’ $1.5 billion claim against Venezuelan state …
U.S. Venezuela-related sanctions
On March 8, 2015, the US government imposed for the first time sanctions against individuals associated with President Maduro’s government. These first sanctions were initially …
Venezuela’s debts to China, Russia would be restructured through Paris Club: Guaido advisor
GUAYAQUIL (Reuters), 17th July 2019 – Loans to Venezuela from President Nicolas Maduro’s allies Russia and China would be renegotiated though the Paris Club if …
How to Address Venezuela’s Crushing Debt Burden – Guaido’s team proposal
BOSTON (Project Syndicate), 10th July 2019 – Ricardo Hausmann, Alejandro Grisanti and José Ignacio Hernández, three of the main advisors to Juan Guaido’s interim government, …
As Venezuela’s Opposition Stumbles, the Country’s Creditors Circle
CARACAS (Stratfor), 28th June 2019 – With Venezuela in default on about $175 billion in foreign debt, the political opposition intends to begin restructuring debt …