"We're right in the middle of all those conversations as you
might imagine," said Conoco CEO Ryan Lance. Conoco has cashed
$700 million from a previous $2 billion arbitration award,
through a payment arrangement with state-run oil company PDVSA.
(Reporting by Liz Hampton in Denver)
DENVER, May 4 (Reuters) - U.S. oil and gas producer
ConocoPhillips on Thursday said it sees 'light at the
end of the tunnel' in long-running claims for expropriation of
its Venezuelan assets, as it appeals an $8 billion arbitration
award and pursues another lawsuit in the U.S.
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