Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Economy / Italy

PdVSA To Pay US$56mn In Compensation To Paria Gulf Partners

July 2008 | Contract News

Venezuela has agreed to pay US$56mn in compensation to Italian major Eni, China Petroleum & Chemical Corporation (Sinopec) and Ine Paria, a subsidiary of Caracas-based engineering firm Inelectra, for the nationalisation of their investments in three offshore oil ventures.

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