Latest development Oct 8, 2026
Koch opposed the abeyance of the Citgo appeal. Partial recovery is expected if the sale closes (not verified).
The award
- Amount awarded
- $369M including pre-award interest, plus about $18M in costs
- Current estimate
- More than $444M (GAR)
- Award holder
- Koch Minerals Sàrl and Koch Nitrogen International Sàrl
- Respondent
- Bolivarian Republic of Venezuela
- Forum
- ICSID ARB/11/19
Challenges
Annulment rejected on May 24, 2022.
Enforcement
United States: the D.D.C. confirmed the award on August 18, 2021. Citgo queue: 9th. Koch supported the Amber Energy bid.
Recovered to date
None confirmed