ICSID - International Centre for Settlement of Investment Disputes

06/08/2023 | Press release | Distributed by Public on 06/08/2023 15:34

Korea National Oil Corporation, KNOC Nigerian West Oil Company Limited, and KNOC Nigerian East Oil Company Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/23/19)

Korea National Oil Corporation, KNOC Nigerian West Oil Company Limited, and KNOC Nigerian East Oil Company Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/23/19)

  • Subject of Dispute:
    Oil and gas enterprise
  • Economic Sector:
    Oil, Gas & Mining
  • Instrument(s) Invoked: (i)
    BIT Nigeria - Korea, Republic of 1997
  • Applicable Rules:
    ICSID Convention - Arbitration Rules

(a) Original Proceeding

  • Claimant(s)/Nationality(ies): (i)
    Korea National Oil Corporation (Korean), KNOC Nigerian West Oil Company Limited (Nigerian), KNOC Nigerian East Oil Company Limited (Nigerian)
  • Respondent(s):
    Federal Republic of Nigeria (Nigerian)
  • Date Registered:
    June 8, 2023

  • Party Representatives

  • Claimant(s):
    Allen & Overy, London, U.K. and Singapore
  • Respondent(s):
    Federal Ministry of Justice, Abuja, Nigeria
  • Status of Proceeding:
    Pending
  • Latest Development:
    June 8, 2023 -

    The Secretary-General registers a request for the institution of arbitration proceedings.

No References Available.

(a) Original Proceeding

Date Development
June 8, 2023

The Secretary-General registers a request for the institution of arbitration proceedings.