U.S. oil producer ConocoPhillips ( COP.N ) is still awaiting payment from Venezuela on a $2 billion arbitration settlement reached last month with the country’s state-run PDVSA, Chief Executive Ryan Lance said on Wednesday. Conoco last month suspended legal attachments efforts that had cut Venezuela’s oil exports from several Caribbean facilities following a deal that allowed the country 90 days to make an initial $500 million payment. “I’ll count the money when it shows up in the bank,” Lance said on Wednesday at a Barclays energy conference in New York, in response to a question on how the company plans to use the settlement. Lance said he expects Venezuela will honor the agreement, noting the company still has another two arbitration decisions involving Venezuela ahead of it. But Conoco would resume its legal efforts if the payments were not forthcoming, he said. The deal stems from […]