ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 08:20 UAE time

YOUR DIRECTORY /

| Share |

Star in Libya

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Thursday, 24 July 2008
(google.co.uk)

The Star Consortium last week concluded a shareholder agreement with the National Oil Company (NOC) of Libya to form a joint venture company to purchase and upgrade its Ras Lanuf refinery.

TransAsia Gas International, a subsidiary of Al Ghuair Investments, and Star Petro Energy, part of Dubai based ETA Ascon Star Group, make-up the Star Consortium which will hold a 50 per cent share of the Joint Venture Company along with NOC of Libya.

At present, Ras Lanuf refinery produces 10 million tones of refined petroleum products per year. As part of the US $2 billion project such quantities are expected to increase. Work has already begun on the project, expected to be completed within five years.

advertisement

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

 EMAIL ALERTS

  1. National Oil Company (NOC), Libya

  2. Star Consortium of TransAsia Gas International

  3. Energy


Tell us your story

READER COMMENTS

  1. Dubai developers see negative press reports decline 09
    24 Nov ' 09 at 07:48
    How much can one read/write abt one particular event. That’s the only reason the negative writing has gone down no one is interested...   More  »
  2. Why I h8 junk txts 08
    24 Nov ' 09 at 08:16
    This is a simple solution to avoid being woken up at night. Most mobile phones offer this option. Sorry, I don't have any solution to...   More  »
  3. Fewer drivers killed on Dubai roads last year 04
    23 Nov ' 09 at 15:21
    Hi Mick, can I make a suggestion. If you travel with someone, then let him video this driver with your mobile. You can pass that onto...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM