Zenith Energy Ltd. announced the completion of the pre-hearing session of the ICC-2 Arbitration concerning the Sidi El Kilani concession against the Republic of Tunisia, with final hearings scheduled for next week.
The arbitration arises from alleged losses due to Tunisia’s actions, including lost revenues and unpaid invoices, with Zenith’s subsidiary seeking approximately USD 130 million in claims.
The outcome of this arbitration could significantly impact Zenith’s financial position and its ongoing operations in the region, says TipRanks.
Zenith Energy Ltd. is an independent energy company specializing in energy production, exploration, and development with assets in North Africa, the US, and Europe. The company focuses on developing proven, revenue-generating energy production assets and engaging in low-risk exploration activities.
