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Venezuela's PDVSA sued for $25 mln in U.S. court over non-payment -complaint

Published 2018-05-09, 02:47 p/m
© Reuters.  Venezuela's PDVSA sued for $25 mln in U.S. court over non-payment -complaint
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HOUSTON, May 9 (Reuters) - Venezuela's state-run oil firm PDVSA PDVSA.UL is being sued for more than $25 million in a U.S. court over non-payment of notes issued for work performed by Canadian energy contractor SNC-Lavalin SNC.TO , according a court filing.

The suit, filed in a district court in Manhattan, is the latest in a recent series of court actions seeking to press the cash-strapped oil firm for payment, with actions in recent days by ConocoPhillips (NYSE:COP) COP.N and Rusoro. PDVSA's declining oil revenues have thrown Venezuela into severe recession.

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