The National Oil Corporation aspires “to reach a level of self-sufficiency in fuels and stop importing them from abroad because of the high cost,” announced the Chairperson of the National Oil Corporation, Farhat Bengdara.
Bengdara explained that the work to establish the South Refinery, which the NOC contracted to establish with the US Honeywell UOP (UOP LLC), will take 36 months
“Through our contract with Honeywell UOP, we seek to increase the production capacities of the refineries in Zawia, and to find suitable and available solutions for the Ras Lanuf Refinery,” Bengdara added in a statement the NOC published.
“Honeywell UOP provided technical solutions for associated gas by condensing it, recycling it, converting it into commodities, or transporting it to power stations,” the NOC Chairperson added.
“Paying attention to oil refineries and industries, as one of the most important pillars in the coming years, is part of the NOC’s corporate strategy,” he explained.
The Zallaf Libya Company had announced that the South Refinery project would be in two phases, and Honeywell UOP would carry out the engineering works for the refining units and grant technical licenses. Its construction costs are estimated at $600 million.