LIBYA
 
$60Bn Downstream Expansion Planned
 
Libya is gearing up for a massive expansion of its downstream sector, planning $60bn worth of investments in new refinery capacity and petrochemical plants. “The team working on downstream future plans has just finished their work. The plan proposes upgrading the existing refineries, and building new refineries and petrochemical complexes,” Nuri Berruien, chairman of Libya’s National Oil Corporation (NOC), told the...