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NOC: Libyan-Norwegian fertilizer venture to restart operations shortly

The Address | Benghazi – Libya

TRIPOLI – The Tripoli-based National Oil Corporation (NOC) said on Saturday it had restored natural gas supply to LifeCo – the fertilizer joint venture it operates with Norway’s Yara, allowing the factory to resume work shortly.

In January, NOC announced it had suspended gas supplies to LifeCo, saying the venture owed it money.

“LifeCo shareholders have agreed on a number of measures to restore operational continuity and protect jobs, including the restoration of gas supply and NOC assuming control of the marketing of ammonia and urea fertilizer products,” NOC said in a statement.

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