Punj Lloyd drags Libyan oil firm to arbitration over $204 mn demand

By Maulik Vyas

  • 09 Jan 2018
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Credit: Thinkstock

International engineering, procurement and construction contractor Punj Lloyd Ltd has dragged Libya’s state-owned Sirte Oil Company to the International Arbitration Chamber in Paris to recover around 183 million euros (about Rs 1,392 crore).The dispute stems from an alleged non-payment of dues by the Libyan company following the completion of a ......

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