PetroSaudi Says $380M Award Feud Close To Resolution

By Caroline Simson (May 21, 2024, 8:23 PM EDT) -- A PetroSaudi unit and the Biden administration are nearing a settlement to resolve a bitter dispute over the proceeds of a nearly $380 million arbitral award allegedly tied to embezzled 1Malaysia Development Berhad funds, which the government has been looking to seize for years, the parties said Monday....

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