Scandoil  
Skip Navigation

JKX launches arbitration proceedings against Ukrainian Government


Published Feb 17, 2015
E-mail Print

[an error occurred while processing this directive]

Edit page New page Hide edit links

JKX Oil & Gas plc

JKX Oil & Gas plc and its wholly owned Ukrainian and Dutch subsidiaries (JKX) have commenced arbitration proceedings against Ukraine under the Energy Charter Treaty, the bilateral investment treaty between the United Kingdom and Ukraine and the bilateral investment treaty between the Netherlands and Ukraine.

In these proceedings, JKX is seeking compensation for the losses it has suffered from Ukraine's treaty violations, including Ukraine's failure to treat JKX's investments in a "fair and equitable" manner and failing to comply with commitments made by Ukraine in respect of JKX's investments.

In particular, JKX is seeking repayment of more than USD 180 million in rental fees that its Ukrainian subsidiary has paid on production of oil and gas in Ukraine since 2011.

Tags: JKX Oil & Gas plc




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories
Aker - Haugan
New Chief Executive Officer of Aker Energy Feb 23, 2018 Jan Arve Haugan has been appointed as Chief Executive Officer of the newly established oil company Aker Energy, effective 1 March 2018. Haugan is currently the President & CEO of Kværner ASA.
Rystad Energy - Borr Drilling takes charge of the jackup market
Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018 “It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.
VesselsValue logo
Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018 Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.
Southwest Research Institute (SwRI) - IMSF2
SwRI to Host Inaugural International Multiphase Flow Separation Symposium Feb 23, 2018 Southwest Research Institute is bringing together oil and gas industry experts for the International Multiphase Flow Separation Symposium (IMFS2), to be held April 25-26, 2018, at SwRI’s headquarters...

[ In News ]

Energy Demand Grows as Fuel Mix Continues to Diversify
Unique Group Launches Unique Equipment Manager
Archer to Provide Casing Accessories and Cementing Equipment in Asia Pacific
Wärtsilä and Maersk Drilling Create a Joint 25-Year Strategy for Thruster Services
Research Becomes Useful Technology for Society Through Strategic Partnership

 

 

 

 

 


RSS
RSS
Newsletter
Newsletter
Mobile News
Mobile news
Computer
Our news on
your website

Facebook
Facebook
Twitter
Twitter
Contact
Contact
Tips
Do you have any
tips to us Stats

 

About us | Contact | Privacy |  Terms | 
Editor: Scandoil
Copyright 1973-2018. Scandinavian Oil-Gas Online. ISSN 1500-709X. 
Tel: +47 22 44 72 70

sitemap xml