ConocoPhillips open to deal to sell Venezuelan oil in U.S. to recoup seized assets
January 12, 2023 at 17:41 PM EST
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owed by Venezuela, according to people familiar with discussions between the company and Venezuela representatives.