Edition:
India

Oilex Terminates JPDA Arbitration Proceedings


Monday, 10 Aug 2020 

Aug 10 (Reuters) - Oilex Ltd ::TERMINATION OF JPDA ARBITRATION PROCEEDINGS.EXECUTED DEED WITH AUTORIDADE NACIONAL DO PETROLEO E MINERAIS TO TERMINATE ARBITRATION FROM TERMINATION OF PSC BY ANPM IN 2015.UNDER TERMS OF DEED, CO COMMITTED TO A SETTLEMENT OF US$800,000 PAYABLE IN 2021 AND 2022 FINANCIAL YEARS. 

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24 Sep 2020