Tag Archives | Libyan Norwegian Fertilizer Company (Lifeco)

NOC acquires Yara's stake in Libyan Fertiliser Company

Norwegian fertiliser producer Yara International has entered into an agreement with Libya's National Oil Corporation (NOC) and the Libyan Investment Authority (LIA) on 31 December 2020 to divest its full ownership interest in the Libyan Norwegian Fertiliser Company (LIFECO). Yara's full legal ownership interest in LIFECO together with all economic rights and all obligations and […]

LifeCo to Restart Operations

Libya’s National Oil Corporation (NOC) has said it had restored natural gas supply to the Libya Norwegian Fertiliser Company (LifeCo). In a statement, the NOC said that factory operations are expected to restart shortly. The announcement follows discussions led by NOC’s chairman, Mustafa Sanalla, with LifeCo’s shareholders, the Libyan Investment Authority (LIA), and Norway's Yara […]

LifeCo Gas Supply Suspended pending Debt Payment

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 […]

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)