ENERGY Minister Stuart Young has rubbished claims that the recent recognition of a US$1.3 billion arbitral award to US-based energy giant ConocoPhillips in Trinidad and Tobago against Venezuela's state-owned oil and gas companies will affect the 30-year-exploration and production license for the Dragon gas field.
Trinidad Court Recognizes ConocoPhillips' Claim Against Venezuela oedigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oedigital.com Daily Mail and Mail on Sunday newspapers.
ConocoPhillips has reportedly won the right to enforce a $1.33 billion claim against Venezuela for past expropriations. They are also involved in a court case to recover money owed for the expropriation of their assets.