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AVANT PETROLEUM, INC. v. PECTEN ARABIAN LTD.

No. 88 Civ. 4970 (LLS).

696 F.Supp. 42 (1988)

AVANT PETROLEUM, INC., Petitioner, v. PECTEN ARABIAN LIMITED, Respondent.

United States District Court, S.D. New York.

October 4, 1988.

Attorney(s) appearing for the Case

Coudert Bros., New York City (William Rand, Evan W. Gray, of counsel), for petitioner.

Cadwalader, Wickersham & Taft, New York City (Grant B. Hering, Kay W. Gardiner, of counsel), for respondent.

OPINION AND ORDER

STANTON, District Judge.

Petitioner Avant Petroleum, Inc. petitions to compel arbitration and for the appointment of an arbitrator over its commercial dispute with respondent Pecten Arabian Limited. The petition is granted.

Facts

With one exception, the facts are undisputed. On March 2, 1981 Avant Petroleum, Inc. ("Avant") orally agreed to buy approximately 425,000 barrels of crude oil from Pecten Arabian Limited ("Pecten...

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