EGAS, EGPC to appeal intl arbitration ruling on gas compensations
Gas
Cairo - MENA
The Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC) reaffirmed that they will take all legal actions to challenge a ruling issued Sunday by the Geneva-based International Chamber of Commerce ordering them to compensate the Israel Electric Corporation (IEC) and Eastern Mediterranean Gas (EMG) with 1.76 billion dollars and 288 million dollars respectively.
The arbitrator had also ordered them to pay interest and legal expenses.
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