No Result
View All Result
Tuesday, August 26, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • 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

Post resumption of oil production and exports, LIFECO ships 8,000 tons of ammonia

bySami Zaptia
September 22, 2020
Reading Time: 2 mins read
A A

By Sami Zaptia.

(Photo: LifeCo).

London, 22 September 2020:

As a sign of the start of normalization of Libya’s hydrocarbon sector, the Libyan Norwegian Fertilizer Company (LIFECo), announced yesterday that it had shipped 8,000 metric tons of ammonia using M.V Gas Snapper from its Marsa Brega port.

The company hoped that it will now be able to resume operations at least in a phased manner and that this will be the first of many shipments with the decision to resume Libyan oil production and exports which would mean LIFECo would receive gas supplies to operate its factory.

LIFECo is a joint venture created during the Qaddafi regime in 2009 between Libya’s state National Oil Corporation (NOC) (25 percent), Libya’s state sovereign investment fund, the Libyan Investment Authority (LIA) (25 percent) and Norwegian fertilizer giant, Yara (50 percent).

RELATED POSTS

NOC discusses Honeywell study on economic feasibility of developing Zawia Oil Refining Co. – potential to save on petrol subsidies and imports

Sonatrach commercial oil discovery in Ghadames Basin to yield 4,200 bpd‎: NOC

The beleaguered company has been struggling due to the political and military instability in Libya. In January 2019, the NOC suspended natural gas supplies to LIFECo pending settlement of its unpaid debts then of LD 210 million and Euro 31 million owed to Sirte Oil Co, and over US$ 80 million owed to the NOC.

In June 2019, and after protracted negotiations, the NOC announced that an agreement had been reached with LIFECo and that the NOC was resuming gas supplies. In July LIFECo announced it had resumed ammonia production, as the first stage of fertilizer production.

LIFECo had said that production had started at its second ammonia plant, AMM2, to be followed directly by production at its first ammonia plant.

It had further reported that the initial production of liquid ammonia (NH3) at its AMM1 plant  will go on to become urea fertilizer in quantities that would cover the needs of the local Libyan market and local agricultural projects which should aid the local farming sector and local food production.

 

https://www.libyaherald.com/2019/06/17/libya-norwegian-fertiliser-company-lifeco-to-restart-operations-after-reaching-agreement/

 

https://www.libyaherald.com/2020/02/10/libyas-eastern-ministry-of-agriculture-and-libyan-norwegian-joint-venture-fertilizer-company-sign-cooperation-agreement/

 

https://www.libyaherald.com/2019/01/25/noc-suspends-gas-supplies-to-libyan-norwegian-fertilizer-co-pending-debt-payment/

 

 

 

Tags: ammonia plantBrega portfeaturedfertilizerLIA Libyan Investment AuthorityLibyan Norwegian Fertiliser Company LifeCoNOC National Oil CorporationYara

Related Posts

Medsky Airways adds a second Airbus 320 to its fleet
Business

Medsky to launch new direct flights between Libya and Athens soon

August 25, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba discusses encouraging foreign investment, prudent importing, stimulating investment and the fish export ban

August 25, 2025
Electronic Tracking system for imported goods goes into operation
Business

Customs Authority announces full launch of ASYCUDA system next month

August 25, 2025
NOC announces force majeure at Zawia port
Business

NOC is to organise the Libyan American Energy Forum in Libya ‘‘soon’’

August 25, 2025
Ministry of Labour to harmonize outputs of education and requirements of labour market
Business

Libya Experts Forum to be held by Ministry of Labour as a bridge between creative Libyan minds ‎‎and decision-makers

August 25, 2025
Egyptian consortium to start implementing Third Ring Road project within days: HIB head Ajaj
Business

HIB agrees with Germany’s UWA to start geotechnical testing for Gharian wastewater treatment plant

August 22, 2025
Next Post
Benghazi port to start receiving Hyundai Glovis ships from October

Benghazi port to start receiving Hyundai Glovis ships from October

NOC confirms resumption of operations at ‘safe’ ports of Hariga and Brega oil ports, other ports to resume soon, production estimated at 260,000 bpd next week

ADVERTISEMENT

Top Stories

  • NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    NESR secures multiple production services contracts for over US$ 100 million in Algeria and Libya

    0 shares
    Share 0 Tweet 0
  • CBL Governor Issa vows to end Libya’s liquidity crisis by 1 October

    0 shares
    Share 0 Tweet 0
  • General Authority for Communications and Informatics suspends activities of China’s Huawei in Libya for violating national and international laws

    0 shares
    Share 0 Tweet 0
  • New Libyan artificial intelligence system ‘‘LIBIGPT’’ to be launched soon

    0 shares
    Share 0 Tweet 0
  • Tripoli Interior Ministry: We thwarted attempted rocket attack on UN Mission’s Tripoli headquarters

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
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

Medsky to launch new direct flights between Libya and Athens soon

Aldabaiba discusses encouraging foreign investment, prudent importing, stimulating investment and the fish export ban

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.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.