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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Re: ConocoPhillips Wins $2B In Claim Against Venezuela Oil Co.

Nope, Conoco will not wait for $5 million monthly payments from Venezuela.

They will go for CITGO head first. $2 billion now and $4 billion from the ICSID award (it is in the award calculation phase) will do the trick. They will first put a lien on the property and wait for a couple of month for a cash payment. If / when it does not materialize, Conoco will execute an attachment order.

The Conoco lawyers will register the ICC award in NY "yesterday", to get the process underway.

Conoco is no hat in hand collector.

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