 Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the late socialist leader Hugo Chavez, the World Bank ruled on Friday, making the U.S. energy company the largest victor in claims stemming from nationalizations in the OPEC country. The company may have to fight to collect. Venezuela has balked at paying in other arbitration cases and may challenge the World Bank tribunal’s decision. Conoco previously has used legal seizures of Venezuelan oil assets to enforce its claims. The oil company had sought up to $30 billion for the takeover of three oil projects more than 10 years ago, according to a World Bank report. The tribunal, known as ICSID, found the […]