May 30 (Reuters) - U.S. oil firm ConocoPhillips ( COP )
won a Trinidad & Tobago court order granting it the right to
enforce a $1.3 billion claim against Venezuela for past
expropriations, casting a shadow over a proposed offshore
natural gas venture between the two countries.
Conoco has the right to enforce the order by seizing any
future compensation Trinidad may make to Venezuela. The two
countries are looking to develop a major offshore gas project,
call Dragon, that involves Trinidad's NGC gas company and oil
major Shell.
The court order provides Venezuela state oil company PDVSA
seven 7 days to challenge decision favoring Conoco, according to
court documents.