Courts in Curacao and Bonaire have partially lifted attachments introduced by ConocoPhillips aiming to seize Venezuelan PDVSA’s [PDVSA.UL] assets to satisfy a $2 billion arbitration ruling, according to a copy of the documents seen by Reuters. Conoco has aggressively moved to take over state-run oil firm PDVSA’s inventories, cargoes and facilities following an award by the International Chamber of Commerce last month. The dispute has particularly affected the Caribbean, where PDVSA owns and operates refineries and terminals that supply several islands. “Both the court in Curacao and those in Bonaire have decided that the attachments must be lifted to the extent that this is necessary for the fuel and/or electricity supply on both islands,” the Common Court of Justice said in […]