press release

Chevron Awarded $96 Million in Arbitration Claim Against the Government of Ecuador

SAN RAMON, Calif. – Aug. 31, 2011 – An international arbitration tribunal has awarded Chevron Corporation and Texaco Petroleum Company $96 million in a claim against Ecuador related to past oil operations by Texaco Petroleum, which is now a Chevron subsidiary. The tribunal, administered by the Permanent Court of Arbitration in The Hague, found that Ecuador's courts violated international law through their significant delays in ruling on certain commercial disputes between Texaco Petroleum and the Ecuadorian government. The final award also takes into account taxes, compound interest, and costs associated with the preliminary award announced in March 2010.

Chevron和Texaco Petroleum于2006年12月在联合国国际贸易法（贸易法委员会）规则下提出了国际仲裁案。仲裁常设法院是一个政府间组织，1899年国际公约设立了100多个成员国，以促进仲裁和其他形式的争端解决。美国于1900年加入法院的成立公约，厄瓜多尔于1907年加入。

仲裁庭的决定决定了七项商业索赔，1991年至1993年间厄瓜多尔提出的德克萨克石油。厄瓜多尔法院不断推迟，拒绝统治法庭违反其双边投资条约下的厄瓜多尔义务的案件the United States to provide effective means for U.S. investors in Ecuador to assert claims and enforce their rights.

“这一裁决证实，厄瓜多尔可以在国际法下对其义务负责，”雪佛龙副总裁兼总法律顾问。“由于厄瓜多尔的政治化法院制度未能提供公正的法庭和适当的过程，以寻求国际补救措施。雪佛龙将继续执行厄瓜多尔及其国有石油公司的协议，当时他们是厄瓜多尔制作联盟的成员与Texaco Petroleum。“

条约仲裁法庭并不孤单地突出厄瓜多尔法院未能提供正义。2011年4月，美国国家发布了对厄瓜多尔的人权报告，其中州向司法机构宣传了司法机构贿赂的易感性和法律案件的决定，以及向外部律师法官辩护案件，谁写了司法判决，并将他们送回了签名的主导法官。“同样，世界银行的最新全球治理指标将厄瓜多尔排名在第10百分位于法治统治的所有国家，将其落后于朝鲜。

厄瓜多尔最近的活动表明，司法系统的持续恶化和政治征服：

• After a leading Ecuadorian newspaper,El Universo., ran an opinion column critical of President Rafael Correa, an Ecuadorian judge—at Correa's insistence—sentenced three newspaper executives and the columnist to jail for three years and fined the newspaper $40 million.
  
  
• 根据经济学家“这次拿走了juan paredes，取代了在假期的预期法官，不到两天才能通过案件的5,000页文件”并发出裁决。Correa总统亲自出席了听证会，“伴随着一小群人，将被告及其律师们用法院外的鸡蛋和瓶子。媒体被禁止参加。”国际观察员，包括人权手表，称为裁决“厄瓜多尔的自由讲话的主要挫折。”
  
  
• Correa总裁Alexis Mera宣布了正式宣言，“按共和国宪法总统的秩序”，要求厄瓜多尔政府部委立即提起诉讼的诉讼，持有任何禁止政府项目的法官，如果他们的禁令随后推翻，那么如果随后被推翻。由高等法院。

雪佛龙公司是世界上领先的综合energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at m.hnqygl.com.

Published: August 2011