Alva Review-Courier -

Conoco continues seizing Venezuela assets in Dutch islands


WILLEMSTAD, Curacao (AP) — A lawyer for a subsidiary of Houston-based ConocoPhillips said a court in the Dutch Antilles has authorized it to seize $1.94 billion worth of assets held on Bonaire island by Venezuela's state oil company, PDVSA.

Houston-based Conoco is seeking to recover $2 billion in a dispute over expropriation of its oil projects by Venezuela's economically struggling socialist government. The lawyer spoke on condition of anonymity because he wasn't authorized to speak to the media.

The seizure of the oil storage terminal on Bonaire follows a similar ruling in recent days a...

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