Arbitral Digest

Matter

Korea National Oil Corporation, KNOC Nigerian West Oil Company Limited, and KNOC Nigerian East Oil Company Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/23/19)

Case no.
ARB/23/19
Applicable rules
ICSID Arbitration Rules in force as of July 1, 2022
  1. 7 November 2023Arbitration

    7 November 2023Arbitration

    Procedural Order No. 1

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal issued the procedural rules governing the arbitration and attached a procedural timetable.

    Supporting details

    7 participants
    Korea National Oil Corporation
    KNOC Nigerian West Oil Company Limited
    KNOC Nigerian East Oil Company Limited
    Federal Republic of Nigeria
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Klaus Sachs

    11 months and 7 days later · 342 days

  2. 14 October 2024Arbitration

    14 October 2024Arbitration

    Procedural Order No. 2

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal determined the applicable standards and decided the Claimants' and Respondent's document production requests as set out in Annexes A and B, including production and privilege procedures.

    Supporting details

    7 participants
    Korea National Oil Corporation
    KNOC Nigerian West Oil Company Limited
    KNOC Nigerian East Oil Company Limited
    Federal Republic of Nigeria
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Klaus Sachs

    11 months and 3 days later · 338 days

  3. 17 September 2025Arbitration

    17 September 2025Arbitration

    Procedural Order No. 3: Hearing Organization

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal set the organization, schedule, time allocation, documentation, witness and expert examination, and logistics for the hearing scheduled for 17 to 25 November 2025 in Paris.

    Supporting details

    7 participants
    Korea National Oil Corporation
    KNOC Nigerian West Oil Company Limited
    KNOC Nigerian East Oil Company Limited
    Federal Republic of Nigeria
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Klaus Sachs

    2 months and 14 days later · 75 days

  4. 1 December 2025Arbitration

    1 December 2025Arbitration

    Procedural Order No. 4

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal directed the Parties to confer on transcript corrections, submit agreed translations or separate translations of specified exhibits, file post-hearing briefs, and file statements of costs on the dates stated in the Order.

    Supporting details

    7 participants
    Korea National Oil Corporation
    KNOC Nigerian West Oil Company Limited
    KNOC Nigerian East Oil Company Limited
    Federal Republic of Nigeria
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Klaus Sachs

Matter record

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Korea National Oil Corporation, KNOC Nigerian West Oil Company Limited, and KNOC Nigerian East Oil Company Limited v. Federal Republic of Nigeria (ICSID Case No. ARB/23/19) · Matter