Middle East Economic Survey

VOL. LI

No 2

14-January-2008

LIBYA

Libya’s Downstream Forges Ahead With $2bn Ras Lanuf Deal

Libya is forging ahead with its downstream plans, despite spiraling costs and the tight contractors market, signing three deals with foreign companies in less than a year. The latest, with UAE firms TransAsia Gas and Star Petro Energy in Tripoli on 7 January, will see the country’s largest refinery at Ras Lanuf undergo a major and long-awaited revamp at a...