Sonatrach claims victory in oilfield dispute
The Sahara desert, where one of the oil fields at the heart of the dispute, Issaouane Erg, is located (Credit: istock.com/photoalex)
Algerian state-owned energy company Sonatrach says an UNCITRAL tribunal has upheld its right to terminate contracts for the exploration and development of two oilfields – three months after a Swiss court ruled that the arbitration didn’t have to begin afresh after being paused during a failed conciliation.
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