Tag: arbitration

Hellenic Petroleum to negotiate with the Government regarding the 32 million dollars dispute – Macedonia, 19 July 2019

Greek oil refiner Hellenic Petroleum (ELPE) announced that it is negotiating with the Government of North Macedonia and is open to find a friendly solution regarding the dispute, due to which ELPE filed a lawsuit at the International Court claiming 32.6 million dollars in damages. ELPE initiated Full article available for subscribers of Energy NEWS […]

ANRM approved the termination of contracts with Chevron – Romania, 15 April 2019

The National Agency for Mineral Resources (ANRM) officially approved the termination of concession oil agreements signed in 2011 between the US company Chevron and the Romanian state for three shale gas perimeters in Dobrogea. According to ANRM’s decisions, the three oil concessions ceased as a r Full article available for subscribers of Energy NEWS service […]

ICSID rejected EVN’s claim for further compensation from the state – Bulgaria, 11 April 2019

According to a final decision of the International Center for the Settlement of Investment Disputes (ICSID), Austrian energy group EVN has not been awarded any further compensation in relation to its claims filed against the Bulgarian state in 2013. The statement from the company said that the cl Full article available for subscribers of Energy NEWS […]