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Sinopec serves $5.5 bln arbitration notice to Repsol

Published 2016-06-17, 03:18 a/m
© Reuters.  Sinopec serves $5.5 bln arbitration notice to Repsol
REP
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MADRID, June 17 (Reuters) - China's Sinopec and its
subsidiary Addax Petroleum UK Limited SASAAP.UL have served an
arbitration notice to Talisman Energy Inc and Talisman Colombia,
both owned by Spanish oil major Repsol REP.MC , demanding pay
back of its 2012 investment in Addax and Talisman joint venture
TSEUK, Repsol said in a statement on Friday.
The total value of the demand is around $5.5 billion, Repsol
said.

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