After a difficult decade during which operations have been interrupted by conflict, disputes over debts and gas supply and allegations of corruption, Norway’s Yara has sold its half-share in the Libyan Norwegian Fertilizer Company (Lifeco) to National Oil Corporation (NOC). On 31 December, NOC announced that it had bought out its partner, meaning that the Marsa Al-Brega-based ammonia and urea production facilities are now owned 75% by the corporation and 25% by the Libyan Investment Authority sovereign wealth fund.
Subscribe to African Energy
African Energy is a brand of
