Libya: The Libyan National Oil Corporation (NOC) said it had won two international arbitration cases over Ras Lanuf refinery, and called for the refinery to restart as soon as possible.

“The arbitration cases, which date to 2013, had been settled in its favor at the International Chamber of Commerce in Paris.” The NOC announced in a statement on its website on Wednesday. The Ras Lanuf Oil and Gas Processing Company (RASCO), an NOC subsidiary, welcomed the announcement. The rulings “coincide with preparations by the Ras Lanuf company to resume operations in the second half of 2018”, a statement posted on a Facebook page used by the company said.

Selected by SPTEC Advisory from Libyan Express