HOUSTON, Jan 23 (Reuters) - A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to U.S. oil producer ConocoPhillips COP.N for the expropriation of its assets in the South American country.
The decision by the International Centre for Settlement of Investment Disputes (ICSID), seen by Reuters on Thursday, was communicated to the parties in the case this week, according to ICSID's webpage.
(Reporting by Marianna Parraga)
((marianna.parraga@thomsonreuters.com; +1 713 371 7559; Reuters Messaging: @mariannaparraga))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.