Oman state refiner Orpic says it is proceeding with legal action against Korea’s Samsung Engineering for “failure to meet their obligations” under a tender for the Sohar Refinery Improvement Project (SRIP).
This comes in response to a filing by Samsung Engineering on 20 July for arbitration by the World Bank’s Washington-based International Center for Settlement of Investment Disputes (ICSID) in a dispute over the refinery revamp project. (CONTINUED - 263 WORDS)
