No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveHarken Case Stalled by Gov’t Disorganization

Harken Case Stalled by Gov’t Disorganization

GOVERNMENT disorganization in the submission of evidence to rescind a contract with Harken Costa Rica Holdings, a subsidiary of the North American firm Harken Energy, to explore and draw oil from the province of Limón, led to suspension of the judicial process surrounding this case last week, the daily La República reported.

On Nov. 29, the financial administrative court resolving the dispute between the state and the oil exploration company which filed a lawsuit against the country after the contract was annulled in 2002 gave the Ministry of the Environment and Energy (MINAE) eight days to present 18 documents that either lacked certification or were missing from the evidence, according to the daily.

The court warned that if the documents were not presented as required, the case could be shelved.

In 2003, Harken submitted and withdrew a request for international arbitration through the Washington D.C.-based InternationalCenter for the Settlement of Investment Disputes, asking for $57 billion, which at that time was equivalent to four times Costa Rica s gross domestic product (TT, Oct. 10, 2003).

However, Harken s contract established that all disputes should be handled through the Costa Rican judicial system. The judicial process started last October, the daily La Nación reported.

 

Trending Now

Costa Rica Tops Latin America in Electric Vehicle Adoption

Electric vehicles hit a milestone in Costa Rica last month, claiming over a quarter of all new vehicle registrations for the first time. Data...

Costa Rica vs Haiti in Curacao, Then Honduras in San Jose

Our national soccer team faces a defining week in their push for the 2026 World Cup, starting with a matchup against Haiti in Curacao...

U.S. Shutdown Triggers Flight Cancellations and Long Airport Lines

Hundreds of flights were canceled in the United States on Friday, and passengers formed long lines at airports after the government ordered air traffic...

Costa Rica Aims for First Place vs Haiti in World Cup Qualifying Showdown

Costa Rica's quest for a place at the 2026 World Cup heats up on Thursday, when they face Haiti. La Sele currently sits in...

Costa Rica’s Route 32 Shutdown Drags On Amid Weather Delays

Drivers on Route 32 face more uncertainty today as the Ministry of Public Works and Transportation (MOPT) holds off on announcing when the key...

Panama’s Massive Cocaine Seizure in Pacific Waters

Panamanian authorities seized nearly 12 tons of cocaine from a vessel in the Pacific Ocean, marking one of the country's largest drug busts in...
Avatar
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica