ConocoPhilips has reached a settlement with PDVSA on receiving payments from Venezuela for assets seized in the Caribbean due to nationalization of assets in Venezuela last decade by the late Papa Smurf of South America, Hugo Chavez. However there are lots of other creditors of PDVSA still in line, and with US restrictions on products from Venezuela, I have no doubt part of these payments must be in hard cash. It remains to be seen how long the current regime can hold out as putting PDVSA under Venezuelan military control has not reversed declining production of Venezuelan oil. Clearly that was a move to fend off potential coups only, but for how much longer?
https://www.usnews.com/news/top-news/art...enezuelas-pdvsa
https://www.usnews.com/news/top-news/art...enezuelas-pdvsa