As the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) has upheld the previous decision, rejecting Venezuela’s appeal, the country is required to dish out $8.7 billion to ConocoPhillips.

ICSID Settlement of Investment Disputes South American Petrozuata Hamaca Convention Award International Centre Orinoco Oil Belt Faja Petrol Hugo Chavez Gulf of Paria Senior Vice President Corporate Secretary Corocoro