Power Shortages Stop Lisco Production

The Misrata-based Libyan Steel and Iron Company (Lisco) is to cease production for two weeks due to shortages of electricity and gas.

Company Chairman Mohamed Abdelmalik al-Faqih told Reuters:

"We will hopefully resume production at the company again even before two weeks are over ... February is the peak of low temperatures and therefore there is a large consumption of electricity."

In January, al-Faqih said Lisco would produce 550,000 tonnes of direct reduced iron in 2015, down from approx 960,000 tonnes in 2014 (which was 60 percent of the planned production of 1.6 million tonnes).

Lisco is one of the few companies outside the energy sector still exporting products from Libya.

(Source: Reuters)

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