BRIEF-Niko Resources says writ petition before Supreme Court Of Bangladesh against company

Mon May 16, 2016 7:44am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

May 16 (Reuters) - Niko Resources Ltd

* Writ petition has been filed before Supreme Court of Bangladesh against company

* Writ petition relates to Feni gas purchase and sales deal between Petrobangla and NRBL for Feni gas field

* Pending resolution of writ petition, court stayed for a month any benefit given by GOB, Petrobangla or Bapex to NRBL or Niko, units

* "Believes that ICSID has exclusive jurisdiction to decide all disputes relating to Feni GPSA and JVA"

* Niko provides corporate update Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)