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UPDATED WITH TRIBUNAL: Angola has defeated a US$850 million claim by a company linked to the billionaire daughter of the country’s former president, which arose out of a port concession contract that was never signed.
14 July 2020
20 April 2020
11 April 2019
US oil company Cobalt International has filed two ICC claims worth over US$2 billion against Angolan state entity Sonangol, accusing it of reneging on agreements relating to two deepwater oil blocks.
15 May 2017
US oil company Cobalt International has threatened Angola’s state-run Sonangol with an ICC claim after it walked away from a US$1.8 billion deal to buy its operating stake in two oil-rich deepwater blocks off the coast of the African state.
28 March 2017
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