The National Oil Corporation (NOC) has confirmed the suspension of natural gas supply to the Libyan Norwegian Fertiliser Company (LifeCo) pending settlement of unpaid debts. In a statement, NOC said: “NOC management has attempted to resolve the issue through various consultations aimed at rooting out corruption and ensuring operational continuity at LifeCo plants. NOC has […]
Tag Archives | Libyan Norwegian Fertilizer Company (Lifeco)
Tags: Corruption, featured, Fertilizers, Libyan Norwegian Fertilizer Company (Lifeco), Norway, Switzerland, Yara
Yara Books $112m Libya Impairment
Norwegian fertiliser producer Yara International is to write down the value of its Libyan plant by $112 million, due to the deteriorating security situation. In a statement, the company said: “Due to the worsening security outlook in Libya, Yara sees a high likelihood of a further deterioration in 2015 of the operating ability of the […]
Fertilizer Company Resumes Operations
The Norwegian fertilizer producer Yara International ASA has said that its Libyan Norwegian Fertilizer Company (Lifeco) has re-started operations at its ammonia plant in Marsa el Brega. The company said that “a controlled shut-down was carried out in January due to a local militia blocking the site“. (Source: Yara)