Anonymous ID: af4ef5 Dec. 28, 2025, 10:32 a.m. No.24039667   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9783 >>9912 >>9972 >>0103 >>0223 >>0248

>>24039641

Executive summary

 

Major international oil companies, most notably ConocoPhillips and others operating joint ventures in 2007, had large stakes in Venezuelan projects โ€” including Petrozuata, Hamaca and Corocoro โ€” that Caracas expropriated when Hugo Chรกvez nationalized oil fields, a move the companies said occurred without compensation [1]. Those seizures spawned long-running arbitration and enforcement actions that as of 2025 produced rulings worth about $8.7 billion plus interest and U.S. authorizations allowing firms such as ConocoPhillips to pursue Venezuelan assets abroad [1].

https://factually.co/fact-checks/business/chavez-venezuelan-oil-assets-expropriations-341351