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What will be PDVSA's strategy in response to the court's decision on Dragon Gas payments by March 31, 2025?
3
Resolution / Starting Odds
Relocates assets • 25%
Appeals court decision • 25%
Negotiates settlement • 25%
Complies with court decision • 25%
Official announcements from PDVSA, court records, or news reports
Story
ConocoPhillips Wins Court Approval to Seize PDVSA Dragon Gas Payments
Sep 27, 2024, 06:48 PM
ConocoPhillips has secured approval from a Trinidad court to seize payments to Venezuela's PDVSA for the Dragon Gas offshore project. The court's decision includes the appointment of an accounting firm as a receiver to manage the seizure of Dragon Gas payments. This move was justified by the judge due to concerns that PDVSA might relocate assets from Trinidad to avoid payment obligations to ConocoPhillips.
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Similar markets
Yes • 50%
No • 50%
Appeal upheld • 25%
Appeal denied • 25%
Appeal partially upheld • 25%
No decision by deadline • 25%
Elliott Investment Management • 25%
Venezuela bondholders • 25%
Other creditors • 25%
Unknown/Not disclosed • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Diplomatic protest • 25%
Economic retaliation • 25%
Increased military exercises • 25%
No significant response • 25%
No fines/penalties • 25%
Up to $10 million • 25%
$10 million to $50 million • 25%
Over $50 million • 25%
Yes • 50%
No • 50%
Complies with demands • 25%
Partially complies • 25%
Ignores demands • 25%
Escalates situation • 25%
International support for Argentina • 25%
International support for Burford Capital • 25%
Neutral stance maintained • 25%
Diplomatic efforts stalled • 25%
Significant financial losses • 25%
Minor financial impact • 25%
No noticeable impact • 25%
Positive impact due to alternative markets • 25%
