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Thursday, March 04, 2021 3:15 GMT
The Libyan National Oil Corporation (NOC) announced that on February 23, 2021, the Paris Court of Appeal issued its judgment regarding the arbitration award issued on January 4, 2018 in the arbitration lawsuit filed according to the rules of the International Chamber of Commerce between the Libyan-Emirati Oil Refining Company (LERCO) and the Corporation regarding the Ras Lanuf refinery. The judgment issued by the Paris court confirmed Lerco’s commitment to pay more than US$115 million to the...More