Tanzania, March 25 -- Dar es Salaam. Numora Trading PTS Ltd has issued clarification regarding its involvement in an oil dispute case which the Commercial Division of the High Court of Tanzania ordered to be referred to international arbitration in London.
The decision, delivered on February 20, 2026, relates to a contractual dispute filed by Burundi-based oil importer, Prestige Investment SA, over a shipment of 20,000 cubic metres of petrol that had been stored in Tanzania prior to its intended export to Burundi.
The court directed that the dispute be resolved by the London Court of International Arbitration (LCIA) in the United Kingdom, in accordance with the arbitration clause contained in the oil supply agreement between the princip...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.