energy

oil, gas, agrofuels

Pakistan spends over Rs2b on legal expenses in Progas case
The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
Kazakhstan held liable for expropriation of Hourani family’s investment on second round of ICSID arbitration
A majority tribunal at the International Centre for Settlement of Investment Disputes awarded Caratube International Oil Company LLP USD 39.2 million plus interest for the unlawful expropriation of its oil contract rights by Kazakhstan.
Investment abitration: Peru faces new ICSID claims
In 2017, Peru has faced a number of new investment treaty claims, with several arising in the transportation sector.
Angola: Sonangol and Cobalt sign agreement
Sonangol E.P and Cobalt International Energy, Inc announced the signing of an agreement to resolve all disputes between the two companies.
BNY Mellon freezes $22 bln in Kazakhstan assets
The legal row between Stati, his son Gabriel, two family-controlled companies and the Republic of Kazakhstan has dragged on for years in various courts.
Progas shareholders challenge court ruling in favour of Pakistan
Last year, Pakistan won a case against the UK-based shareholder of Progas Pakistan in the International Centre for Settlement of Investment Disputes.
NAFTA puts Mexican energy privatization beyond the reach of voters
The energy proportionality rule in NAFTA blocks a member country's sovereignty to determine its level of carbon fuel exports, the price at which it sells its oil to its own people, and hinders climate change action.
ConocoPhillips and the Republic of Ecuador agree to settlement of ICSID award
Under the terms of the agreement, ConocoPhillips will recover a total of $337 million from Ecuador.
Hamid Gharavi and Melanie van Leeuwen secure a third consecutive victory against Kazakhstan for a US$ 30 million award
An ICSID tribunal has ordered Kazakhstan to pay nearly US$25 million for the seizure of investments at the port of Aktau on the Caspian Sea.
Samsung Engineering files ISDS suit over Saudi power plant
Samsung Engineering has filed an investor-state dispute settlement suit against Saudi Arabia over changes made to its power plant construction contracts for Yanbu Industrial City.