Bllomberg news on p&id
You're looking for Bloomberg news articles on P&ID, which stands for Process and Industrial Development. Here are a few recent articles from Bloomberg:
- Nigeria Seeks to Reclaim $9.6 Billion from P&ID in Arbitration (September 2020)
Nigeria is seeking to reclaim $9.6 billion from Process and Industrial Development (P&ID) in an arbitration case, according to a court filing. The amount is more than double the initial $5 billion claim made by the Nigerian government.
- P&ID's $9.6 Billion Claim Against Nigeria Heads to Arbitration (August 2020)
The dispute between Nigeria and P&ID over a failed gas-processing project is heading to arbitration, with the company seeking $9.6 billion in damages. The case is a major test of Nigeria's ability to recover funds from foreign companies.
- Nigeria's P&ID Case Highlights Risks of Doing Business in Africa (July 2020)
The P&ID case has highlighted the risks of doing business in Africa, where corruption and regulatory uncertainty can lead to costly disputes. The case has also raised questions about the role of international arbitration in resolving such disputes.
- P&ID's $5 Billion Claim Against Nigeria Heads to Arbitration (June 2019)
P&ID's claim against Nigeria for $5 billion is heading to arbitration, after the company failed to reach a settlement with the Nigerian government. The dispute centers on a failed gas-processing project in Nigeria.
- Nigeria's P&ID Case Raises Questions About Sovereign Immunity (May 2019)
The P&ID case has raised questions about sovereign immunity, as Nigeria seeks to recover funds from the company. The case has implications for the way governments and companies interact in international arbitration.
These articles provide a good overview of the P&ID case and its implications for Nigeria and the global energy industry.