ConocoPhillips and Venezuela's PDVSA reach $2 billion settlement

U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities.

from Reuters: Business News https://ift.tt/2w10psT