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Energy firms remain sceptical of MEA arbitration

Oil and gas companies in the Middle East and Africa are still wary of using arbitration courts to settle in-country disputes Oil and gas companies in the Middle East and Africa are still wary of using arbitration courts to settle in-country disputes.
By Verity Ratcliffe 18 May 2017 0 25961
A rig in Angola. The country acceded to the New York Convention last year. (BP plc)

The number of countries in the Middle East and Africa hosting local partners to the London Court of International Arbitration (LCIA) and the International Chamber of Commerce (ICC) has risen, offering more options for parties to oil and gas disputes in the region. However, uptake has been low compared with other parts of the world, according to speakers at the Annual Conference on Energy Arbitration and Dispute Resolution in the Middle East and Africa in London on Wednesday.

The growth of local arbitration courts in the...