Zenith launches Tunisia oil claimPublished by: Robert Li at 12/06/2023The Canadian energy player is claiming USD 48 million under the UK-Tunisia investment treaty, alleging ob... The Canadian energy player is claiming USD 48 million under the UK-Tunisia investment treaty, alleging obstruction by the government of the North African country. Calgary-headquartered energy company Zenith Energy has launched arbitration proceedings against Tunisia, related to oil concessions in the North African country. Zenith, Gide and the Tunisian Ministry of Industry, Mines and Energy were approached for comment, but had not done so at the time of writing. This year’s London International Disputes Week included a lively panel on attitudes to arbitration in Sub-Saharan Africa, while a claim brought by two Nigerian landowners against global oil company Shell was rejected in the UK Supreme Court, all in May.

Source: The North Africa Journal June 13, 2023 05:01 UTC