Libya's NOC wins arbitration on Ras Lanuf refinery, calls for restart

Libya's National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible. The NOC said in a statement that the arbitration cases, which date to 2013, had been settled in its favour at the International Chamber of Commerce in Paris.
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.