An aerial view taken on July 30, 2015 shows the Tamar Israeli gas-drill platform in the Mediterranean Sea off the coast of Israel.AFP PHOTO / AHIKAM SERI
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Egypt said Sunday it would appeal an order by international arbitrators to pay $1.76 billion in compensation to state-owned Israel Electric Corp. for halting gas supplies three years ago, and freeze gas import talks until the dispute was resolved.EGPC and EGAS said in a statement that the arbitrator had also ordered them to pay $288 million to EMG and that they would appeal both awards.They said the compensation awarded to EMG amounted to about 19 percent of the $1.5 billion it had sued for, while the award to Israel Electric amounted to under 40 percent of the total it was seeking.This year Dolphinus also agreed a seven-year deal to buy at least $1.2 billion of gas from Israel's Tamar field, near Leviathan.
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