Phillips 66 wins PdV arbitration case

摘要

Venezuelan state-owned PdV is weigh-ing its legal options to block US inde-pendent Phillips 66 from taking over its 50pc stake in Merey Sweeny,a joint venture that owns a 65,000 b/d delayed coker at the 247,000 b/d Sweeny refin-ery in Texas.An International Chamber of Commerce(ICC)arbitration panel in Paris,France,issued a final ruling in April upholding the right of Phillips 66 to buy out PdV’s stake.