Libya Aims to Restart Ras Lanuf Oil Refinery Within a Year
National Oil Corporation chairman Masoud Suleman announced that Libya intends to restart the 220,000 barrel-per-day Ras Lanuf refinery within six to 12 months. The move follows a final agreement with Trasta to transfer the facility to full Libyan ownership after a decade of inactivity.
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Libya aims to restart its 220,000 barrel-per-day Ras Lanuf refinery within six to 12 months following a $60 million maintenance program. The plant, idle since 2013, returns to state control after a legal dispute with a partner from the United Arab Emirates. Restoring Libya's largest refinery stabilizes domestic fuel supplies and reduces reliance on expensive refined product imports.