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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.

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