Oil Entity Asks Federal Court To Dismiss Petition To Confirm $18B Award

Mealey's (September 17, 2018, 10:47 AM EDT) -- HOUSTON — An oil company on Sept. 12 filed a motion in a Texas federal court, seeking dismissal of a petition to confirm an $18 billion arbitration award, arguing that it was never party to an arbitration agreement and was not named in the award (Waleed Bin Al-Qarqani, et al. v. Arabian American Oil Company, et al., No. 4:18-cv-1807, S.D. Texas)....