By Sami Zaptia.
London, 20 March 2019:
Ras Lanuf Oil and Gas Processing Company (RASCO), a wholly owned subsidiary of Libya’s National Oil Corporation (NOC), announced yesterday that its port is now ready to operate after maintenance was completed.
The company thanked its Libyan workforce who were able to prepare the port to receive ships and tankers for both imports and exports despite a shortage of financial and material resources.
The announcement is part of RASCO’s progress towards a scheduled mid-April opening date for its polyethylene plant.
Earlier this month the company had announced that it had successfully replaced a flaring incinerator in preparation for the reopening of the polyethylene plant.
It will be recalled that the NOC had announced in April 2018 that ethylene and polyethylene production was to start ”soon” at its RASCO. No exact date had been given at the time.
The Ras Lanuf ethylene plant had been inactive since 2011, and the polyethylene plant had been suspended since 2013. The plants were awaiting necessary maintenance and the re-commissioning of the refinery to provide the necessary feedstock raw material.