Venezuela Seeks Disqualification of ICSID Judges

Instant Max AI

(Energy Analytics Institute, Jared Yamin, 26.Mar.2015) – Venezuela presented a letter to the ICSID court requesting the dismissal of judge Kenneth Keith.

Keith is the president of the arbitration tribunal in the case brought to the court by ConocoPhillips in its wrongful expropriation case against the government of Venezuela which nationalized the Houston-based company’s assets in the Orinoco Heavy Oil Belt, also known as the Faja.

Venezuela is also seeking dismisal of another judge in the case, Yves Fortier.

ConocoPhillips was originally seeking compensation of $30 billion for its assets that were expropriated by the government of then President Hugo Chavez. ConocoPhillips interest at question were called Petrozuata, La Hamaca and Corocoro, now called Petroanzoátegui, PetroPiar and PetroSucre, respectively.

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