{"id":6282,"date":"2022-02-27T09:19:45","date_gmt":"2022-02-27T07:19:45","guid":{"rendered":"https:\/\/lbc.com.ly\/en\/?p=6282"},"modified":"2022-02-27T09:19:46","modified_gmt":"2022-02-27T07:19:46","slug":"noc-exercises-call-option-to-purchase-trastas-shares-in-the-libyan-emirates-oil-refining-company","status":"publish","type":"post","link":"https:\/\/lbc.com.ly\/en\/noc-exercises-call-option-to-purchase-trastas-shares-in-the-libyan-emirates-oil-refining-company\/","title":{"rendered":"NOC Exercises Call Option To Purchase Trasta\u2019s Shares In The Libyan Emirates Oil Refining Company."},"content":{"rendered":"\n<p>NOC is pleased to announce that it is proceeding with the exercise of its call option to purchase Trasta\u2019s 50% interest in LERCO .<\/p>\n\n\n\n<p>The joint venture company formed to operate the Ras Lanuf Refinery, in accordance with the terms of the contract that governs the LERCO joint venture. Trasta had sought to block NOC\u2019s exercise of the call option through ICC arbitration proceedings, which have now concluded with the rendering of an award rejecting Trasta\u2019s position and upholding NOC\u2019s right to exercise the call option.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NOC is pleased to announce that it is proceeding with the exercise of its call option to purchase Trasta\u2019s 50% interest in LERCO . The joint venture company formed to operate the Ras Lanuf Refinery, in accordance with the terms of the contract that governs the LERCO joint venture. Trasta had sought to block NOC\u2019s [&hellip;]<\/p>\n","protected":false},"author":87,"featured_media":6283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1836],"class_list":["post-6282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-the-national-oil-corporation"],"acf":[],"_links":{"self":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/6282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/comments?post=6282"}],"version-history":[{"count":5,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/6282\/revisions"}],"predecessor-version":[{"id":6288,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/posts\/6282\/revisions\/6288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media\/6283"}],"wp:attachment":[{"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/media?parent=6282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/categories?post=6282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lbc.com.ly\/en\/wp-json\/wp\/v2\/tags?post=6282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}