MORE: World Bank Court Rejects Venezuela Appeal Against Conoco
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The bank’s International Centre for Settlement of Investment Disputes upholds September’s decision that Venezuela didn’t act in good faith in compensating ConocoPhillips for assets seized in 2007, the court says in statement posted on website. *Conoco to say how much money it’s seeking within 10 weeks; Venezuela to appeal the amount within another 10 weeks, the court says * NOTE: Conoco seeking $6.5B for the seized assets, rejecting Venezuela’s offer of $2.3B, according to the oil company’s law firm