Libya 'in Talks' to Build Refineries

Libya’s internationally-recognised government is reported to be in talks to build two small refineries, one in the east and the other in the south of the country.

The refineries would each have a production capacity of 6,000 barrels per day (bpd), a government spokesman said.

Prime Minister Abdullah al-Thinni [Al-Thani, al-Thanay] (pictured) met officials of the British Virgin Islands-based oil services company Pavilion Recovered Oil in Tobruk to discuss contracting the project.

According to the report from Reuters, it was unclear how the government would finance the project, as development funds have been frozen by the central bank which is trying to limit spending due to the dramatic decline in oil revenues.

Libya has two main refineries, the 120,000-bpd Zawiya refinery supplying western Libya; in the east there is just the 20,000-bpd Tobruk refinery working apart from a small refinery in Sarir in the remote south.

(Source: Reuters)

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