Middle East Economic Survey
VOL. LII
No 11
16-Mar-2009
LIBYA
NOC And UAE Consortium Form $350Mn Lerco Joint Venture To Upgrade Ras Lanuf
Libya’s National Oil Corporation and the UAE-based consortium consisting of TransAsia Gas and Star Petro Energy finalized the formation of the 50:50 Lerco joint venture on 9 March, to undertake a comprehensive upgrade of Libya’s largest refinery at Ras Lanuf. Lerco will have an initial capital of $350mn, according to NOC, since the...
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