Tethys Petroleum: Tajikistan Arbitration
- Kulob breached its obligations under the JOA by not paying its share of cash calls made by BOC since August 2015;
- The Claimants are entitled under the JOA to require Kulob to withdraw from the JOA and assign its Participating Interest to the Claimants at no cost and Kulob should do so; and
- Kulob should pay the Claimants an amount of damages equivalent to the unpaid cash calls plus costs and interest which in the aggregate amounts to approximately USD13.7 million.
Published January 1, 2018
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