No Result
View All Result
Tuesday, June 6, 2023
23 °c
Tripoli
22 ° Wed
22 ° Thu
24 ° Fri
26 ° Sat
  • Advertising
  • Contact
LibyaHerald
 
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Lifeco’s resumed fertiliser output boosts Norwegian partner Yara

byNigel Ash
May 3, 2014
Reading Time: 2 mins read
A A
Lifeco’s resumed fertiliser output boosts Norwegian partner Yara

Loading area of Lifeco's Brega plant (Photo: OH archives).

26
SHARES
112
VIEWS
Share on FacebookShare on Twitter

By Hadi Fornaji.

Loading area of Lifeco's Brega plant
Loading area of Lifeco’s Brega plant

Tripoli, 2 May 2014:

The restart of the Lifeco joint venture fertiliser plant at Brega has brought good news to . . .[restrict]foreign partner Yara . The Norwegian firm, one of the world’s largest fertiliser makers, has just reported reduced profits, even though sales across its 150 country markets were up.

Shut down in January because of a blockade by local militiamen, the Libyan plant, part of a chemical complex at Brega, is now resuming operations.  Lifeco is a joint venture between the state-owned Norwegian company, which holds half the shares and the National Oil Corporation and the Libyan Investment Authority (25 percent each).

The Brega facility is designed to produce 900,000 tonnes of urea and 700,000 tonnes of ammonia a year. It employs 1,200 people. Last year Yara said that it was taking 500,000 tonnes of urea and 400,000 tonnes of ammonia. This seemed to demonstrate that the facility had exceeded designed output.

RELATED POSTS

Brega confirms readiness to set up Janzour Oil Depot and cooking gas cylinder factory

Top law firm joins new British Libyan Business Association

NOC provides the gas feedstock on a long-term contract linked to international fertiliser prices. Yara takes a lead management role and has overseen a range of upgrades to the plant.

It took two years to cut the deal, finally agreed in 2009. The Lifeco JV took over the running of the Brega operation (two urea and two ammonia plants) from NOC subsidiary Sirte Oil Company. Yet the feedstock was to be supplied through SOC. This former operator also remained in the picture thanks to an agreement which outsourced “a wide range of local services from SOC, including central warehousing, workshop and laboratory services, heavy cranes and marine services, loss-prevention services, housing, canteen and catering services, central office services and transportation.”

In 2011 Yara reported itself to the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim), after it uncovered evidence that bribes may have been part of the Lifeco JV deal.  Two members of the management team were charged in 2012 in connection with unexplained payments made in 2008. [/restrict]

 
Tags: ammoniaBregaLibyaLifecoureaYara
Share10Tweet7Share2

Related Posts

British Libyan Business Association and the Libyan Business Council sign MoU
Business

British Libyan Business Association and the Libyan Business Council sign MoU

June 5, 2023
Libyan Export Promotion Centre discusses with Italian Chamber export of olive oil, dates and tuna to Italy and Europe
Business

Libyan-Tunisia agricultural, marine and food sector B2B meetings – Tunis 19 to 20 June

June 5, 2023
Tripoli Chamber leading business delegation to Saudi on 22 August
Business

Tripoli Chamber leading business delegation to Saudi on 22 August

June 5, 2023
On National Information Technology Day, the mini-satellite project CubeSat was launched
Business

On National Information Technology Day, the mini-satellite project CubeSat was launched

June 4, 2023
Ministry of Industry provides support to the Industrial Research Centre
Business

Ministry of Industry provides support to the Industrial Research Centre

June 4, 2023
Benghazi Turkish Trade Exhibition postponed to 12-15 June
Business

Benghazi Turkish Trade Exhibition postponed to 12-15 June

June 3, 2023
Next Post

Benghazi death-toll rises as government condemns Ansar Al-Sharia as terrorists

New British Council training to boost UK visa application success rate

New British Council training to boost UK visa application success rate

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    252 shares
    Share 101 Tweet 63
  • HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

    74 shares
    Share 30 Tweet 19
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    60 shares
    Share 24 Tweet 15
  • AMLY School is offering an innovative approach to learning in Libya

    57 shares
    Share 23 Tweet 14
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    52 shares
    Share 21 Tweet 13
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

British Libyan Business Association and the Libyan Business Council sign MoU

Libyan-Tunisia agricultural, marine and food sector B2B meetings – Tunis 19 to 20 June

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    No Result
    View All Result
    • Login
    • Sign Up
    • Cart
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?