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Libya Aims to Restart Country’s Largest Oil Refinery Within 6–12 Months to Supply Domestic Market

Libya Aims to Restart Country’s Largest Oil Refinery Within 6–12 Months to Supply Domestic Market

Sputnik Africa

Libya Aims to Restart Country’s Largest Oil Refinery Within 6–12 Months to Supply Domestic Market The Ras Lanuf refinery, which has been idle since 2013, will... 14.05.2026, Sputnik Africa

2026-05-14T10:02+0200

2026-05-14T10:02+0200

2026-05-14T10:04+0200

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Libya Aims to Restart Country’s Largest Oil Refinery Within 6–12 Months to Supply Domestic Market The Ras Lanuf refinery, which has been idle since 2013, will have a capacity of 220,000 barrels per day, National Oil Corporation (NOC) Chairman Masoud Suleiman said. On Monday, NOC announced full state control of the complex after Emirati partner Trasta exited the LERCO joint venture, ending a decade-long arbitration dispute. "Reaching this agreement definitively closes one of the most complex cases in Libya’s oil and gas sector and returns one of the country’s most important oil and petrochemical assets to full Libyan control. It also paves the way for a new phase of rehabilitation, operation, and development, "as reported in the statement.Subscribe to @sputnik_africa Sputnik Africa | X

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