Angola’s state-held Sonangol will defend itself in an arbitration dispute with Cobalt International Energy, which is seeking more than $2.0 billion in damages after the two failed to agree on an extension for an offshore license deadline on two deepwater blocks. “We will within two weeks at most, give an answer to the Cobalt complaint where the rights of Sonangol and the state of Angola will be defended exhaustively,” Sonangol board member for legal......
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