ArabianBusiness.com - Middle East Business News
Sunday, 22 November 2009 01:56 UAE time

YOUR DIRECTORY /

| Share |

UAE energy firm signs oil refinery deal with Libya

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 10 March 2009
OIL DEAL: UAE's Trust Group has signed a deal with Libya's National Oil Company. (Getty Images)
OIL DEAL: UAE's Trust Group has signed a deal with Libya's National Oil Company. (Getty Images)

Libya's National Oil Corporation (NOC) has set up a joint venture company with a UAE energy consortium to develop the Ras Lanuf oil refinery in Libya, it was reported on Tuesday.

NOC chairman Shokri Ghanem signed the agreement, setting up the Lirco company with capital of $375 million, with Isa Abdullah al-Ghurair, deputy chairman of the UAE's Trusta group, news agency WAM said.

The parties signed initial agreements last year on improving the 220,000-barrel per day Ras Lanuf plant.

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(Your email address will not be published)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Please click post only once - your comment will not be published immediately.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

TOP IN MIDDLE EAST ENERGY

  1. Saudi eyes 2010 launch for new engineering HQ
  2. No output quota changes at OPEC meet - Qatar oil min
  3. IEA says sees little OECD oil demand recovery
  4. Oil rises above $80 as dollar slips, stocks rise
  5. First Energy Bank to build $1bn Saudi solar plant

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai replaces head of DIFC
  2. UAE expects to see up to 3% economic growth in 2010
  3. Westwood extends lead after Race to Dubai's Day 3
  4. Abu Dhabi Int’l Airport records 7% growth in Oct
  5. UAE bags communication award

ALSO IN MIDDLE EAST ENERGY

  1. UAE nuclear deal seen in next few weeks
  2. Power play
  3. Get your coat
  4. $4.4bn Abu Dhabi oil project contracts awarded
  5. Oil slips towards $79 on dollar, demand concern

LATEST MIDDLE EAST BUSINESS NEWS

  1. Sport: Westwood extends lead after Race to Dubai's Day 3
  2. Financial Markets: Saudi index down, banks and petchems weigh
  3. Real Estate: Merger technical talks to conclude in a month - Emaar
  4. Banking & Finance: Dubai's Abraaj eyes property investments
  5. Banking & Finance: Emirates NBD launches bank’s new brand identity

SHARE PRICE CHECK

RELATED STORIES

National Oil Company (NOC), Libya
| 4 stories
  1. Shift to gas
    10 Feb '09 | Features
  2. Star in Libya
    24 Jul '08 | News

 EMAIL ALERTS

  1. National Oil Company (NOC), Libya

  2. Energy


Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. UAE announces Eid and National Day holidays 02
    21 Nov ' 09 at 10:22
    Is it any wonder that Emiratis are reluctant to work in the private sector? One day extra and no request for early payment of salaries.   More  »
  2. RTA to lease out last batch of retail outlets available on Red Line 01
    21 Nov ' 09 at 14:10
    What happened of Last Minute and their 28 outlets - one on each station?   More  »
  3. Dubai plans start-up help for expat entrepreneurs 01
    21 Nov ' 09 at 11:37
    this is great news really makes sense, especially since Small & Medium Enterprises actually make UAE. I sincerely hope that this is...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY