Chinese oil group Sinopec is seeking $5.5bn in arbitration against Spanish oil firm Repsol stemming from disputes over a three-year old joint venture, Repsol said on Friday.
Sinopec and its Canadian listed subsidiary Addax formed the Talisman-Sinopec Energy UK Ltd joint venture with Talisman Energy in 2012.
The joint venture purchased a stake in a deepwater oil field off Nigeria that year, but in 2014 the Nigerian government declined to approve the purchase.
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