Libya oil and gas map cropped- Ras Lanuf

Libya: NOC ready to regain full control of Ras Lanuf refinery


Issue 456 - 07 Mar 2022 - By John Hamilton | 3 minute read

An arbitration ruling means National Oil Corporation (NOC) can press ahead with buying out UAE-based Trasta Energy’s 50% stake in the Libyan Emirati Oil Refining Company (Lerco) and regaining full control of the Ras Lanuf oil refinery. The plant could resume operations after a decade of inaction, although at least one major court battle still lies ahead, writes John Hamilton.

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