Tag Archives | International Chamber of Commerce (ICC)

Libya wins Compensation Lawsuit filed by Turkish Firm

By John Lee. Libya has reportedly won an international lawsuit against Turkey’s TAV Airports Holding Company, which had been demanding compensation of 80 million euros (93 million U.S. dollars) for alleged violation of legal obligations following the suspension of construction at Sabha International Airport in southern Libya. According to Xinhua, the International Chamber of Commerce […]

NOC wins Arbitration on Ras Lanuf Refinery

By John Lee. The National Oil Corporation (NOC) has announced what it describes as “the successful conclusion of arbitration” regarding the 220,000 bpd-capacity Ras Lanuf oil refinery. Trasta Energy, a subsidiary of the Emirati Al Ghurair Investment Group, and the Libyan Emirati Refining Company (LERCO), the company which owns and operates the Ras Lanuf Refinery […]

Edison Wins Libya Gas Arbitration with Eni

The Court of Arbitration of the International Chamber of Commerce (ICC) has announced that Italian energy group Edison won a dispute with Eni to review the price of its long-term gas contract from Libya. According to a statement from Edison, which is owned by France’s EDF, the court found the price review requested by Edison […]