The total compensation that US company Chevron has to pay to the Romanian National Agency for Mineral Resources (ANRM) in the process won by the Romanian state following the termination by the company of three oil concession agreements amounts to 97.2 million dollars.
In addition to the amount of 73.45 million dollars that it has to pay as disbursements to the Romanian state, the decision of the International Court of Arbitration at the International Chamber of Commerce in Paris, Chevron must also pay interest at the reference rate of 8 %, calculated from 23 October 2014 until the date of full payment, so that the total amount of the payment, including the interest calculated up to 1 February 2018, is over 97.2 million dollars.
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Tags: arbitration, Chevron, exploration, gas, oil, Romania