Yara divests project in Libya

On New Year's Eve, chemical producer Yara signed an agreement with Libya's National Oil Corporation and the Libyan Investment Authority on a divestment.

Photo: Yara International ASA

Norway's Yara has opted to divest its full stake in fertilizer firm Libyan Norwegian Fertiliser Company (LIFECO), which will instead be owned by the Libyan National Oil Corporation (NOC) and the Libyan Investment Authority (LIA).

Yara's ownership stake in LIFECO along with all financial rights and obligations as such transferred to the NOC on New Year's Eve.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas wins order for 372 MW

The wind turbine manufacturer seals its largest order to date from Eastern Europe with an additional 62 Enventus units headed to a project in Ukraine.

Europe's wind industry urges ban on landfilling spent blades

With the outlook to roughly 25,000 tonnes of decommissioned wind turbine blades existing in 2025 – and twice as much five years later – the wind sector wants the EU to ban landfilling the composite components and to support development of new solutions.

Further reading

Related articles

Latest News

See all jobs