Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a “tough lesson” for the U.S. oil multinational given it was less than 10 percent of the original claim. President Nicolas Maduro’s government added in a statement that it would analyze the possibility of appealing Wednesday’s ruling by the International Chamber of Commerce (ICC) against Venezuela’s state-run oil company PDVSA. Conoco’s assets in Venezuela were expropriated in 2007 following nationalization of the country’s oil industry led by then-President Hugo Chavez. The firm left the OPEC nation after it could not reach a deal to convert its projects into joint ventures controlled by […]