Foreign News
Eni Takes Nigeria to Int’l Arbitration Over Oilfields Dispute
Italian oil giant, Eni has filed a request for arbitration against Nigeria at the World Bank’s dispute settlement body and plans to argue that the country’s failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell RDSa.L nearly a decade ago breaches their investment agreement, court documents show.
OPL 245, an offshore field awarded to the two oil companies in 2011, is the subject of multiple court cases worldwide, including a criminal case in Milan in which the Nigerian government alleges roughly $1.
1 billion of payments from the companies was siphoned to politicians and middlemen. Shell and Eni have denied any wrongdoing.Eni has submitted a request for arbitration against Nigeria with the World Bank’s International Centre for Settlement of Investor Disputes (ICSID), of which Nigeria is a member state, a posting on ICSID’s website shows.
It shows the case was registered on Oct. 9 but does not give details. Shell is not a party to the request, according to the posting.An Eni spokesman said that the request for arbitration was aimed at protecting its investments and investors, and that it was confident of a satisfactory solution for both parties.
The Italian oil major also filed a request for evidence on Oct. 6 with a court in the U.S. state of Delaware which it says it wants to use in the ICSID arbitration and in the Milan case, according to documents from the court seen by Reuters.
“Specifically, Eni (through its subsidiaries), will contend that Nigeria’s actions violate multiple provisions of the bilateral investment treaty by pursuing a campaign of unfounded claims against Eni and improperly conditioning the conversion of OPL 245 into an OML,” Eni’s filing to the court shows.
An oil prospecting license (OPL) allows a company to explore for oil, but once it finds recoverable oil, the licence needs to be converted to an oil mining license (OML) for it to be able to produce and export.
Nigeria’s presidency declined to comment when asked about Eni’s court filing and the arbitration case. Neither the attorney general’s office nor the Ministry of Petroleum Resources immediately responded to requests for comment.
In the Delaware court documents, Eni said it believed “third parties” were behind Nigeria’s lack of action on its request to convert OPL 245 into an oil mining license and on its efforts to claim some $1 billion in damages.
The company said it was seeking information from Poplar Falls LLC and private investment management firm Drumcliffe Partners LLC, U.S. companies registered in Delaware, on any agreement they have to fund Nigeria’s litigation efforts.
Asked about Eni’s court filing, Drumcliffe said it was working with Nigeria’s asset recovery agency to recover fraudulent payments made in relation to OPL 245 and that it would “oppose Eni’s efforts to the fullest.”
“What is immediately clear is that Eni is pursuing every avenue to avoid accountability for its role in one of the largest frauds in the history of the oil and gas industry,” Jim Little, principal of Drumcliffe, said in a statement.
Reuters could not reach a representative of Poplar Falls for comment.
Foreign News
No talk of Ceasefire Deal Between Turkey, US-backed SDF in Northern Syria – Turkish Official
There is no talk of a ceasefire deal between Turkey and the U.S.-backed Syrian Democratic Forces (SDF) in northern Syria, contrary to a U.S. announcement on the issue, a Turkish defence ministry official said on Thursday.
The official was responding to comments from State Department spokesperson Matthew Miller, who said a ceasefire between Turkey and the SDF around the northern Syrian city of Manbij has been extended until the end of this week.
“As Turkey, it is out of the question for us to have talks with any terrorist organisation.
“The (U.S.) statement must be a slip of the tongue,” the defence ministry official, who was speaking on condition of anonymity, told reporters.
Washington brokered an initial ceasefire between Turkey-backed Syrian rebels and the SDF forces last week after fighting that broke out earlier this month as rebel groups advanced on Damascus and overthrew Bashar al-Assad.
The SDF is an ally in the U.S. coalition against Islamic State militants.
It is spearheaded by the YPG, a group that Ankara sees as an extension of the Kurdistan Workers Party (PKK) militants who have fought the Turkish state for 40 years.
Turkey regards the PKK, YPG and SDF as terrorist groups. The U.S. and Turkey’s Western allies list the PKK as terrorist, but not the YPG and the SDF.
When asked if Ankara was considering another ground operation into northern Syria, the official said that Turkey still sees a threat to its borders from north Syria.
“Our preparations and precautions as part of the fight against terrorism will continue until the PKK/YPG lays down its arms and its foreign fighters leave Syria,” the official said.
Since 2016, Turkey has mounted four military operations in northern Syria, citing national security threats.
Turkey believes that forces of the Syrian National Army paramilitary group which it backs will “liberate” YPG-controlled areas in northern Syria, the official said, signalling that Turkey does not plan an imminent operation into the region by its military.
The SDF have close ties with Western countries including the U.S. and France. Recently, France said the political transition in Syria needed to ensure that the SDF was represented. (Reuters/NAN)
Foreign News
President Yoon Banned from Leaving South Korea
The South Korean Government ordered an overseas travel ban on President Yoon Suk Yeol.The South Korean news agency Yonhap reported on Monday that the travel ban is due to the ongoing investigation into Yoon, which involves suspicion of high treason.Yoon unexpectedly imposed martial law on his country last Tuesday night, but hours later, after massive political resistance, he repealed the order.
On Saturday evening, a motion by the opposition to impeach the president in parliament failed. However, public pressure against the 63-year-old continues. (dpa/NAN)Foreign News
Israel Threatens to Expand War if Hezbollah Truce Collapses
Israel threatened on Tuesday to return to war in Lebanon if its truce with Hezbollah collapses and said this time its attacks would go deeper and target the Lebanese state itself, after the deadliest day since the ceasefire was agreed last week.
In its strongest threat since the truce was agreed to end 14 months of war with Hezbollah, Israel said it would hold Lebanon responsible for failing to disarm militants who violated the truce.
“If we return to war we will act strongly, we will go deeper, and the most important thing they need to know: that there will be no longer be an exemption for the state of Lebanon,” Defence Minister Israel Katz said.
“If until now we separated the state of Lebanon from Hezbollah… it will no longer be (like this),” he said during a visit to the northern border area.
Despite last week’s truce, Israeli forces have continued strikes in southern Lebanon against what they say are Hezbollah fighters ignoring the agreement to halt attacks and withdraw beyond the Litani River, about 30 km (18 miles) from the frontier.
On Monday, Hezbollah shelled an Israeli military post, while Lebanese authorities said at least 12 people were killed in Israeli airstrikes on Lebanon.
Katz called the Hezbollah attack “the first test” and described Israel’s strikes as a strong response.
The Beirut government must “authorise the Lebanese army to enforce their part, to keep Hezbollah away beyond the Litani, and to dismantle all the infrastructure,” Katz said.
“If they don’t do it and this whole agreement collapses then the reality will be very clear.”
Top Lebanese officials urged Washington and Paris to press Israel to uphold the ceasefire, after dozens of military operations on Lebanese soil that Beirut has deemed violations, two senior Lebanese political sources told Reuters on Tuesday.
The sources said caretaker Prime Minister Najib Mikati and Speaker of Parliament Nabih Berri, a close Hezbollah ally who negotiated the deal on behalf of Lebanon, spoke to officials at the White House and French presidency late on Monday.
Mikati, quoted by the Lebanese news agency, said that diplomatic communications had intensified since Monday to stop Israeli violations of the ceasefire.
He also said a recruitment drive was under way by the Lebanese army to strengthen its presence in the south.
U.S. State Department spokesperson Matt Miller told reporters on Monday that the ceasefire “is holding” and that the U.S. had “anticipated that there might be violations”.
Neither the French presidency nor the foreign ministry were immediately available to comment.
French Foreign Minister Jean-Noel Barrot spoke to his Israeli counterpart Gideon Saar on Monday, saying both sides should adhere to the ceasefire.
The truce came into effect on Nov. 27 and prohibits Israel from conducting offensive military operations in Lebanon, while requiring Lebanon to prevent armed groups including Hezbollah from launching attacks on Israel.
It gives Israeli troops 60 days to withdraw from south Lebanon.
A mission chaired by the United States is tasked with monitoring, verifying, and helping enforce the truce, but it has yet to begin work.
Berri on Monday called on the mission to “urgently” ensure Israel halts its breaches, saying Beirut had logged at least 54 Israeli violations of the ceasefire so far.
Israel has said its continued activity in Lebanon is aimed at enforcing the ceasefire.
Lebanon’s Mikati met in Beirut on Monday with U.S. General Jasper Jeffers, who will chair the monitoring committee.
Two sources familiar with the matter told Reuters that France’s representative to the committee, General Guillaume Ponchin, would arrive in Beirut on Wednesday and that the committee would hold its first meeting on Thursday.
“There is an urgency to finalise the mechanism, otherwise it will be too late,” the source said, referring to Israel’s gradual intensification of strikes even with the truce in place. (Reuters/NAN)