Tag Archives | Norway

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 […]

Libya Falls in Prosperity Index

By John Lee. Libya has fallen one place in this year's Legatum Institute Prosperity Index, ranking in 149th place out of the 167 countries measured. The Index consists of 12 pillars of prosperity, built upon 66 actionable policy areas (elements), and is underpinned by 294 indicators. Denmark, Norway and Switzerland took the top three positions. […]

NOC Lifts Force Majeure at Al Sharara Field

By John Lee. The National Oil Corporation (NOC) has announced that it has reached what it describes as an 'honor agreement', under which the Petroleum Facilities Guards (PFGs) "abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that […]

NOC, Repsol Consortium provide Obari with 20 Classrooms

The National Oil Corporation (NOC) in cooperation with the Repsol Consortium, a group of its international partners comprising Repsol, OMV, Total and Equinor, has provided the municipality of Obari with 20 equipped classrooms on November 12, 2019. These classrooms were distributed to four different schools - Al-Qaradabiya School, Al-Disa School, Uqba ibn Nafi School 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 […]

UNICEF, NRC in Partnership for Children's Education

By John Lee. The UN International Children's Emergency Fund (UNICEF) has signed its first partnership agreement for 2019 with the Norwegian Refugee Council (NRC) to provide education for children in Tripoli and Benghazi, including displaced people. In a statement, UNICEF said innovative teaching models will be implemented in public schools and community schools while ensuring […]

Libya Rises (Slightly!) in Prosperity Index

By John Lee. Libya has improved its position in this year’s Legatum Institute Prosperity Index, ranking in 133rd place out of the 149 countries measured, up from 136th last year. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health […]