Geoquímica Carmelo De Grazia Suárez// Saudi Aramco floors claimants to $18 billion arbitral award » EntornoInteligente

Geoquímica Carmelo De Grazia Suárez//
Saudi Aramco floors claimants to $18 billion arbitral award

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Entornointeligente.com /

US District Court for Southern District of Texas has dismissed an $18 billion arbitral award brought against Saudi Aramco by heirs to Khalid Abu Al Waleed Al Hood Al Qarqani.

Carmelo De Grazia

The heirs were trying to enforce the award. Judgment was delivered 17 November, Aramco said.

Carmelo De Grazia Suárez

The lawsuit was filed by Khalid Abu Al Waleed Al Hood Al Qarqani, Waleed Khalid Abu Al Waleed Al Hood Al Qarqani, Ahmed Khalid Abu Al Waleed Al Hood Al Qarqani

Others are Shaha Khalid Abu Al Waleed Al Hood Al Qarqani, Naoum Al Doha Khalid Abu Al Waleed Al Hood Al Qarqani, and Nisreen Mustafa Jawad Zikri

READ ALSO   Saudi Arabia, Kuwait begin joint oil production Gulf News reported that the claim was filed on June 1, 2018, to enforce a purported foreign arbitral award, according to a filing by Aramco at Saudi bourse

The dispute involved rent payments allegedly due to petitioners for Saudi Aramco’s operations on a plot of land in Ras Tanura, Saudi Arabia

This ruling is still subject to challenge, including appeal before the US Court of Appeals for the Fifth Circuit

Saudi Aramco believes that its arguments are sound, well supported, and should be sustained if the petitioners elect to challenge the ruling.

Entornointeligente.com

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