Firm Says It Will File UNCITRAL Arbitration Related To Chinese Gas Field

(May 24, 2016, 2:02 PM EDT) -- HONG KONG — An energy firm on May 24 announced that it has notified the China National Offshore Oil Corp. (CNOOC) and CNOOC China Limited (CCL) of its intent to commence formal arbitration proceedings against them in relation to the alleged mismanagement of a gas field.

Primeline Energy Holdings Inc. said in a news release that it sent a letter to CNOOC and CCL giving them formal notice of its intention to commence arbitration pursuant to a petroleum contract for Block 25/34.

UNCITRAL Arbitration

Primeline said...
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