Oct 7 Subsidiaries of U.S. oil company
ConocoPhillips has sued Venezuelan state oil company PDVSA in a
Delaware court, according to a court filing, accusing it of
fraudulent operations involving its U.S. subsidiary Citgo.
ConocoPhillips said PDVSA operations, including an ongoing
bond swap that uses shares in Citgo Holding Inc as collateral,
are part of an effort to prevent Conoco from collecting
compensation in a dispute over a 2007 nationalization of its
Neither PDVSA nor a U.S.-based lawyer that
represents it immediately responded to request for comment.
(Reporting by Brian Ellsworth)