Tuesday 4 September 2012

Production resumes at Libya's largest refinery - The National

Libya's largest refinery has restarted for the first time since the fall of Qaddafi after delays stemming from a dispute between the national oil company and its UAE-based partner.

Trasta, the energy arm of Dubai's Al Ghurair Group, owns half the Ras Lanuf refinery alongside Libya's National Oil Corporation (NOC), a share it secured in 2009 in exchange for agreeing to lead a US$2 billion (Dh7.34bn) upgrade of the plant.

The refinery, which accounts for nearly two thirds of Libya's refining capacity with 220,000 barrels per day, resumed operations on Friday after lying dormant since February last year, the beginning of the uprising against Muammar Qaddafi.

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