Tag: downstream assets

• Saturday, April 28th 2018 - 11:10 UTC

  US oil company wins arbitration and Venezuela's PDVSA must pay US$ 2.04bn

  

  An international arbitration court has ordered Venezuela’s oil company PDVSA to pay ConocoPhillips US$ 2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said.

• Wednesday, April 25th 2018 - 08:59 UTC

  Brazilian company buys Shell downstream assets in Argentina

  

  Brazil’s Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell for US$ 950 million, according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio and Shell, will have a 20% market share in fuel distribution in Argentina.