ConocoPhillips has received new U.S. licenses that could help the company recover up to $10 billion owed by Venezuela, an anonymous source has told Bloomberg. The debt stems from the Venezuelan government’s nationalization of ConocoPhillips’ assets over a decade ago. The licenses allow the company to pursue its claims against Petroleos de Venezuela SA (PDVSA), the state-owned oil giant, without violating U.S. sanctions. Although the licenses don’t permit ConocoPhillips to resume operations in Venezuela, they enable the company to pursue legal action…
