UPDATE 3-U.S. judge upholds Conoco as sole owner of coker at Sweeny, Texas refinery
(Adds comment from PDVSA source )
HOUSTON, Sept 8 (Reuters) - A federal court in New York has upheld a ruling granting U.S. oil and gas company ConocoPhillips sole ownership of a unit at the Sweeny, Texas, refinery, in a long-running dispute over the asset with Venezuela's PDVSA.
In 2014, an International Chamber of Commerce (ICC) arbitration panel awarded ConocoPhillips full ownership of Merey Sweeny LP, a delayed coking unit at its 247,000-barrel-per-day (bpd) Sweeny refinery.
PDVSA had asked that the decision be vacated.
U.S. District Judge Alison Nathan, in a decision signed last week, said PDVSA's request was baseless and confirmed Conoco was the sole owner of the unit, which processes heavy crude oil.
Conoco and PDVSA formed a joint venture in the late 1990s to run the refining unit. But they went to arbitration before the ICC in 2010 after crude supply interruptions that triggered a contract provision dissolving the pact.
Phillips 66 has owned and operated the delayed coker and related facilities at the Sweeny refinery since it was spun off from Conoco in 2012.
PDVSA said it would appeal the decision.
"PDVSA is convinced that the decision is incorrect and that the acquisition was unlawful," it said in a statement. Continuación...