Caracas—Harvest Natural Resources wants to take Venezuela to international arbitration for breaking bilateral investment accords by blocking the sale of its remaining stake in the Petrodelta venture, the US company said Friday. Harvest has submitted a request for arbitration against the Venezuelan government before the International Centre for Settlement of Investment Disputes (ICSID), it said in a statement. “Over the past decade, the Venezuelan Government has violated Harvest’s rights as an investor by systematically thwarting the development of Harvest’s investment in Venezuela as well as the company’s ability to sell its interests there,” Harvest CEO James Edmiston said.
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