Venezuela suddenly conciliatory now that Conoco is now seizing PdVSA assets
Venezuela suggests ready to pay after Conoco moves on its Caribbean assets
Alexandra Ulmer, Deisy Buitrago
CARACAS (Reuters) - Venezuela on Thursday rejected ConocoPhillipss moves to seize the countrys Caribbean assets to collect on a $2 billion arbitration award, but in a sign the U.S. oil companys pressure might be working, Caracas also suggested it was ready to pay.
In its first official comments since Reuters revealed Conocos actions over the weekend, Venezuelas cash-squeezed leftist government said PDVSA [PDVSA.UL] wanted to solve the dispute through legal means. The dispute stems from Venezuelas nationalization of Conocos assets a decade ago under late leader Hugo Chavez.
PDVSA is committed to honoring the decisions stemming from the arbitration award, the Oil Ministry said in a series of tweets.
The tweets disappeared about an hour later. Venezuelas Oil Ministry and PDVSA did not respond to a request for comment.
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https://www.reuters.com/article/us-conocophillips-pdvsa/venezuela-suggests-ready-to-pay-after-conoco-moves-on-its-caribbean-assets-idUSKBN1IB2XP