Petrobras Ordered to Pay 70 Million Dollars to IESA Oil and Gas

Written by Flavia Marinho

Published on 04/01/2021 at 14:17

petrobras é condenada nos EUA

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Petrobras Suffers Setback in Arbitration with Inepar Abroad. U.S. Arbitration Tribunal Issues Ruling of 70 Million Dollars to State-Owned Subsidiaries

Petrobras informs this morning (12/04) that an arbitration tribunal based in New York has issued a ruling in an arbitration initiated by IESA Oil and Gas, in the process involving the payment of losses due to contract violations. Looking for a job? Job opening in Macaé for Experienced Instrumentation Technicians on Petrobras Offshore Platforms, today January 04.

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The legal consultants in the arbitration have received a partial ruling on liability and damages in which the arbitration tribunal concluded that Petrobras Netherlands and Tupi breached the contracts and awarded Iesa compensation for damages, plus pre-award interest, totaling approximately 70 million dollars

The arbitration tribunal will still determine, in a later phase, the issue of attorney’s fees and arbitration costs, as well as post-award interest.

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Petrobras Ordered to Pay 70 Million Dollars to IESA Oil and Gas

Petrobras Suffers Setback in Arbitration with Inepar Abroad. U.S. Arbitration Tribunal Issues Ruling of 70 Million Dollars to State-Owned Subsidiaries

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Petrobras Ordered to Pay 70 Million Dollars to IESA Oil and Gas

Petrobras Suffers Setback in Arbitration with Inepar Abroad. U.S. Arbitration Tribunal Issues Ruling of 70 Million Dollars to State-Owned Subsidiaries

Read Also

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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