Perenco applies to enforce as Ecuador seeks annulment
An oil project in the Ecuadorian Amazon (Credit: iStock/Atelopus)
Days after winning a net sum of US$411 million in a claim against Ecuador over a tax on windfall oil profits, Bahamian oil company Perenco has asked a US court to enforce the award – as the state applies to ICSID to have it annulled.
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