MADRID: Chinese energy firm Sinopec is demanding around $5.5 billion (4.9 billion euros) in arbitration from Spanish energy giant Repsol over a North Sea oil and gas fields joint venture, Repsol said Friday.
Sinopec and its British subsidiary Addax Petroleum UK are demanding the reimbursement of their investment in the loss-making joint venture called Talisman Sinopec Energy UK (TSEUK), Repsol said in a statement.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.