ENI

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Govt ignored ACEP’s warning on ENI/Vitol/Springfield unitisation – Ben Boakye

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The Executive Director of the Africa Center for Energy Policy (ACEP), Ben Boakye, has disclosed that the government disregarded warnings from his organisation regarding the unitisation of the ENI Ghana, Vitol, and Springfield. In a letter dated July 2021, ACEP cautioned President Akufo-Addo against pursuing unitisation without seeking independent advice, but the government failed to … Read more

ENI/VITOL dispute: Int’l Arbitration Tribunal dismisses $915m suit against Ghana, GNPC

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The International Arbitration Tribunal in the Eni & Vitol versus Ghana and Ghana National Petroleum Corporation (GNPC) arbitration has issued its final award, bringing a positive outcome for Ghana. The Tribunal denied the Claimants, Eni and Vitol, their monetary damages, which initially stood at $7 billion but were later reduced to $915 million plus interest … Read more