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Bloomberg – Chevron Wins $96 Million for 1990s Ecuador Oil Dispute

Date: Sep 1, 2011

Chevron Corp. (CVX), the second-largest U.S. energy company, said it won a $96 million judgment against Ecuador in an international arbitration case stemming from a 1990s oil-export dispute with the Latin American nation.

The ruling by the Permanent Court of Arbitration in The Hague resolved seven commercial claims over crude sales by the Ecuadorian government from 1991 to 1993 from wells operated by Texaco Inc.

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