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Yara Halts Urea Production in Libya Due to Unrest

5:59 AM MST | February 22, 2011 | Ian Young

Yara says it has halted production at its Lifeco fertilizer joint venture in Libya due to violent unrest that is spreading across the country. The company says that the move is a precautionary measure and that there are no signs of turmoil in the vicinity of the plant, which is located at Marsa El Brega. The site is about 700 km east of the Libyan capital Tripoli. Yara owns 50% of Lifeco, and National Oil Corp. (NOC; Tripoli) and Libyan Investment Authority (Tripoli) each have 25%. The jv has capacity to produce 900,000 m.t./year of urea, and it sells about...

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