Conoco to depose Citgo in hunt for PDVSA's Caribbean assets

By Liz HamptonHOUSTON (Reuters) - ConocoPhillips moved to bring Venezuelan PDVSA's [PDVSA.UL] U.S. refining unit Citgo Petroleum [PDVSAC.

UL] into its legal battles to enforce a $2 billion arbitration award against the South American country's nationalization of its Venezuelan assets.A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over alleged asset transfers in the Caribbean that Conoco claims were designed to frustrate its efforts to obtain payment under.

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