Libya’s National Oil Corporation Regains Full Control of Ras Lanuf Refinery From Emirati LERCO JV’s Trasta Company
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5 Articles
Ras Lanuf’s return to Libyan control could redefine the country’s energy future
The return of the Ras Lanuf refinery and petrochemical complex to the full control of Libya’s National Oil Corporation (NOC) is being seen as one of the most important developments in the country’s energy sector in recent years. The move goes beyond a routine administrative or legal transition. It reflects a wider shift in how […] The post Ras Lanuf’s return to Libyan control could redefine the country’s energy future appeared first on Libyan Ex…
Libya's National Petroleum Company (NOC) took full control of the Ras Lanuf refinery, after a decade of disputes with Trasta Energy, based in the Arab Emirates, following the signing of an agreement that ended the association, the corporation has reported in a statement. NOC president Mesaoud Sliman Mousa, stated in the statement that the agreement " paves the way" for the restructuring and operation of the complex under Libya's exclusive manage…
Libya Ends Foreign Partnership in LERCO Over Energy Assets
The National Oil Corporation (NOC) announced a final agreement with the foreign company Trasta that ends the long-running partnership between the two sides in the Libyan Emirati Refining Company, known as LERCO, following years of international legal disputes and arbitration cases. According to National Oil Corporation Chairman Masoud Suleman, the agreement transfers all shares owned by the foreign partner to the Libyan side, restoring full Liby…
Libya’s National Oil Corporation regains full control of Ras Lanuf Refinery from Emirati LERCO JV’s Trasta Company
Libya’s state National Oil Corporation (NOC) announced today that it had regained full control of the Ras Lanuf Refinery from the Emirati LERCO JV (Libyan Emirati Refinery Company) partner Trasta Company. In its statement, the NOC said that ‘‘after more than a decade of international legal and arbitration disputes, its Chairman, Masoud Suleiman, officially signed […] The post Libya’s National Oil Corporation regains full control of Ras Lanuf Ref…
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