Seplat confident will win Chevron Nigerian asset sale dispute
LAGOS May 22 (Reuters) - Oil and gas firm Seplat said it is confident a Chevron asset sale dispute in Nigeria will be settled in its favour, its chief executive said on Thursday.
Austin Avuru said during a presentation of its interim management statement that it had appealed a ruling questioning the jurisdiction of the Nigerian court in deciding the Chevron oil block bid, for which its bid was the second-highest.
A Nigerian judge last week ruled the Federal High Court should have jurisdiction over Chevron's asset sale dispute with Nigeria's Brittania-U, dealing a blow to Chevron which had hoped to have the case dismissed. (Reporting by Chijioke Ohuocha, editing by William Hardy)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.