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Regions :: Africa :: Libya

Yara to Establish Fertilizer JV in Libya

2:07 AM MDT | July 18, 2008 | Deepti Ramesh

Yara International ASA (Oslo) says it has completed all agreements with the National Oil Corporation of Libya (NOC; Tripoli) and the Libyan Investment Authority (LIA; Tripoli) to establish a previously announced joint venture for the production and marketing of mineral fertilizers. Yara will have 50% stake in the jv, and NOC and LIA will together own the other 50%, Yara says. Financial terms were not disclosed. The jv will also include the ammonia and urea plants at Marsa El Brega, Libya, which are currently owned by NOC. The jv will upgrade the existing...

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