Vitol

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$915m Vitol/Eni Ghana suit: Refrain from immature decisions in future – Minority to Govt

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The Minority in Parliament has cautioned the Akufo-Addo administration to exercise prudence and avoid making rash decisions in the future, in light of the court’s ruling on the $915 million lawsuit brought by Eni Ghana and Vitol Upstream against Ghana. They urged the government to learn from this experience and adopt a more thoughtful and … 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