Today.Az » Business » Arbiters’ sentence on court examination between SOCAR, Frontera Resources to be made by late 2005
13 July 2005 [09:15] - Today.Az
The issue of sentence on court examination between the State Oil Company of Azerbaijan (SOCAR) and American Frontera Resources, formerly involved into the development of the onshore field ‘Kursangi-Garabagli’, is postponed to late 2005.
Frontera Resources brought a suit against the SOCAR in the amount of the $23mn for caused damage. $15, 737, 447 of it is demanding amount, $7mn – added percents, about $600,000 – lawyer’s cost, $300,000 – costs of arbitrage court. (Trend)
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