Tunisie Telegraph: Three UK firms submit memorandums to Tunisia

The arbitration dispute filed against Tunisia by three companies affiliated with Zenith Energy has entered the decisive stage, following the submission of their closing arguments while awaiting the final ruling. The companies are claiming compensation of up to $572.65 million due to a dispute over oil concessions in Tunisia. The judgment is expected to be issued during the first quarter of 2027. The case is based on a bilateral investment agreement between Tunisia and the United Kingdom and concerns issues related to oil concessions and oil production, with the companies asserting ownership rights and alleging obstruction by Tunisian authorities. Zenith asserts that the claimed amount represents their losses, but the final ruling will determine Tunisia’s liability in the dispute.

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