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Senegal: Arbitration suspended

Oslo-listed PetroNor has reached agreement with the government of Senegal to suspend arbitration related to the Rufisque Offshore Profond (ROP) and Senegal Offshore Sud Profond (SOSP) licence areas for six months with a view to reaching an amicable solution. African Petroleum, which merged with PetroNor in 2019, lodged Request for Arbitration documents with the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) in June 2018 over the contracts.

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