Pemex loses U.S. appeal over $406 million arbitration award

martes 2 de agosto de 2016 10:43 GYT

NEW YORK Aug 2 (Reuters) - A U.S. appeals court on Tuesday upheld a decision confirming a $406 million arbitration ruling won by a unit of KBR Inc in a contract dispute with the Mexican national oil company Pemex.

The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming a $300 million award issued even though a Mexican court had nullified it, and upheld a lower-court judge's ruling that added $106 million to the judgment. (Reporting by Nate Raymond in New York; Editing by Alden Bentley)