Executives of PetroTrans said that they tried to negotiate with the ministry before taking the case to ICC. Officials of the ministry, who have a firm stand on the issue, declined to hold talks with representatives of the company after annulling the petroleum development agreement. Subsequently, PetroTrans filed its complaints to ICC on December 28, 2012. ICC is an international arbitration body based in Geneva.

article-petrotrans-in-arbitration-against-addis_41058868

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