The National Oil Corporation has resumed the purchase of the 50% stake of Trasta in Lerco, the operator of the Ras Lanuf refinery.

26 February، 202226 February، 2022

Today, Friday, the National Oil Corporation announced that it has resumed exercising its right to purchase the 50% stake of Trasta in the Libyan Emirati Oil Refining Company Lerco, the joint company formed to operate the Ras Lanuf refinery.

The Corporation explained that Trasta had tried to obstruct the NOC’s exercise of its right to buy its share and filed an arbitration case before the International Chamber of Commerce, which ended with the issuance of a ruling rejecting the attempts of Trasta and supporting the Corporation’s right to buy Trasta share, in accordance with the terms of the agreement of Lyrco.

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