Addax Petroleum, owned by top Chinese refiner Sinopec, has lost a ruling at an international tribunal as part of a $1 billion legal battle over an oilfield in Gabon, a confidential document showed. The International Chamber of Commerce’s arbitration court, in its first decision in the dispute, rejected a request […]
Tag: Oil
Oil falls below $115 as UK lawmakers reject Syria attack
* British parliament says no to Syria attack * Unrest in Libya cripples crude output, exports * OPEC oil output falls despite Saudi boost – Reuters survey * Coming up: U.S. CFTC commitment of traders weekly data; 1930 GMT (Updates prices, supply data paragraphs 5,12) Brent crude oil […]
Nigeria state revenues tumble 42 pct in July due to oil outages
* July sees lowest monthly revenues this year * Oil theft hitting govt finances * Excess crude account holds $5.1 bln vs $9 bln end 2012 Nigeria’s government revenues slumped 42 percent in July due to oil theft and production outages, the accountant general said on Friday, underscoring how […]
