LIBYA Issue dated 18/03/2021

Trasta loses appeal against NOC's $115m Ras Lanuf refinery award

The Ras Lanuf refinery represents UAE's largest asset in Libya.
The Ras Lanuf refinery represents UAE's largest asset in Libya. © REUTERS/Esam Omran Al-Fetori
The Dubai-based Trasta, operator of the Ras Lanuf refinery, has failed to convince a Paris court of the bias of an ICC arbitrator in order to have it overturn a 2018 ruling against it in its dispute with Libya's state-owned NOC. [...] (457 words)
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