Latest development Nov 2025
Reuters reported that it would recover “hardly anything” from the Amber Energy sale.
The award
- Amount awarded
- $430.4M, plus about $6M in costs and interest
- Award holder
- Valores Mundiales S.L. and Consorcio Andino S.L. (Gruma subsidiaries)
- Respondent
- Bolivarian Republic of Venezuela
- Forum
- ICSID ARB/13/11
Challenges
Annulment rejected on December 21, 2021.
Enforcement
United States: D.D.C. summary judgment on May 15, 2023. Citgo queue: 12th. It objected to the sale and sought to disqualify Amber Energy.
Recovered to date
None