The country awaits with Conoco Phillips award for 2013
They say it has filed a claim amount by Conoco
EL UNIVERSAL EL UNIVERSAL
lunes 23 de abril de 2012 12:00 AM Monday April 23, 2012 12:00 AM
Next year could be issued the award to resolve the dispute by Conoco Phillips against Petroleos de Venezuela before the tribunal of the Chamber of Commerce (ICC, for its acronym in English), as provided by state oil company in its financial reports 2011.
Foreign companies claim before the ICC that "subsidiaries (made with Pdvsa) has breached any of its obligations with respect to production cuts ordered by Venezuela", on draft and Petrozuata Hammock.
Pdvsa's report indicates that "the May 10, 2011, PDVSA submitted its reply to the demand. August 10, 2011, Conoco Phillips filed its response. The 10 November 2011, PDVSA submitted his rejoinder."
Adding that "to date, the applicants have not required specific amounts for their claims."
Conoco Phillips launched lawsuits against PDVSA and Venezuela both the International Centre for Settlement of Investment Disputes (ICSID), and before the ICC, and came to demand more than $ 30 billion. EJT EJT
The following is extracted from the bottom part of the Proceedings of the ICSID
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October 05, 2011
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The Respondent files a proposal for disqualification of arbitrator L. Yves Fortier. The proceeding is suspended in accordance with ICSID Arbitration Rule 9(6).
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October 24, 2011
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The Respondent files further observations on the proposal for disqualification.
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October 25, 2011
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The Claimants file observations on the proposal for disqualification.
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November 18, 2011
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The arbitrator furnishes explanations regarding the proposal for disqualification in accordance with ICSID Arbitration Rule 9(3).
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December 01, 2011
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The Respondent files further observations on the proposal for disqualification.
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December 02, 2011
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The Claimants file further observations on the proposal for disqualification.
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February 27, 2012
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The proposal for disqualification of arbitrator L. Yves Fortier is declined. The proceeding is resumed pursuant to ICSID Arbitration Rule 9(6).
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Our Tribunal meets for 2 weeks in Nov 2013.
Hang in there!!
