Caratube v. Kazakhstan Caratube International Oil Company LLP v. Republic of Kazakhstan (ICSID Case No. ARB/08/12)
United States of America
Rights under an oil exploration and production contract concluded between the Kazakh Ministry of Energy and Mineral Resources and a company which later assigned such contractual rights to Caratube, owned and controlled in its majority by a U.S. national.
Claims arising out of the termination by the Government of Caratube’s licence to an oilfield in Kazakhstan and allegations that the investor had been continuously harassed by the authorities.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Böckstiegel, K.-H.
Griffith, G.
Hossain, K.
Decided in favour of State
1149.00 mln USD
Data not available
Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld