Press Releases

April 13, 2018

Ruling in Favor of Mabanaft

On April 10, the 55th Judicial District Court in Harris County, Texas awarded a US$ 523.8 million judgment in favor of Mabanaft Pte. Ltd. against Oriental Energy Company, Ltd. in litigation related to breach of a long-term contract by OE China.

The contract that OE China was found to have breached is a Term Agreement for the Sale and Terminalling of Propane originally entered into with Mabanaft in October 2013 for the FOB (free on board) sale and purchase of US-sourced propane commencing in January 2017. In October 2017, the Court ruled that OE China breached the contract and that the liquidated damage provisions in the contract are enforceable. In its April 10, 2018 judgment, the Court ordered OE China to pay Mabanaft an amount of US$ 523,842,849.19 in liquidated damages. 

The Court also dismissed OE China’s counterclaims for damages.

Mabanaft Pte Ltd. is a subsidiary of Mabanaft in Hamburg, Germany. The Mabanaft group is an independent energy trader concentrating on physical oil and gas trading around the world for over 70 years. Its core business includes regional trading and wholesale, retail business, operation of service stations, and bunkering. The subsidiary Mabanaft Pte. Ltd. based in Singapore focusses on the regional physical trading business in Asia. The company is specialized in trading of petroleum and gas products.

For media inquiries, please contact:
Brunswick Group Beijing office 
Tel: +86 10 5960 8600



德国汉堡,2018年4月13日 — 4月10日(美国时间),美国得克萨斯州哈里斯郡第55地方法院就Mabanaft私人有限公司(Mabanaft Pte. Ltd.,以下简称 “Mabanaft公司”)起诉东华能源股份有限公司(以下简称“东华能源”)违反一项长期合同的诉讼案,作出判决。法院裁定Mabanaft公司胜诉,东华能源须向其支付5.238亿美元。








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