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

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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