US EditionPdvsa Must Repay the Loan for Oil Field of Corocoro, According to a Spanish Court
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(EFE).- A Spanish court has recognized the international arbitral award that condemns Petróleos de Venezuela (PDVSA) and its subsidiary CVP to pay 33.7 million dollars more interest as repayment of a loan to acquire part of the Corocoro oil field, which was nationalized after the granting of the credit. The decision has been taken by the Superior Court of Justice of Madrid (TSJM), according to the General Council of the Judiciary (CGPJ), which r…
A Spanish court recognized the international arbitral award that condemns Petróleos de Venezuela (Pdvsa) and its subsidiary CVP to pay 33.7 million dollars plus interest as repayment of a loan to acquire part of Corocoro’s oil field, which was nationalized after the granting of the credit. The decision was made by the Superior Court of Justice of Madrid (TSJM), according to the General Council of the Judiciary (CGPJ), which recalls that the part…
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