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NOC to exercise its call option to purchase Trasta's 50 percent interest in the LERCO JV – LibyaHerald

Libya’s state National Oil Corporation (NOC) announced yesterday that it is proceeding with the exercise of its call option to

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Libya's NOC to purchase Trasta's 50% shares in LERCO

Libya's NOC to purchase Trasta's 50% shares in LERCO
hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.

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Libya's NOC to purchase Trasta's 50% shares in LERCO

Libya's NOC to purchase Trasta's 50% shares in LERCO
hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.

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Refinery news roundup: Some refineries in Africa remain offline | Hellenic Shipping News Worldwide

Refinery news roundup: Some refineries in Africa remain offline
In South Africa, both the Engen and Cape Town refineries remain offline, whereas Zambia’s Indeni is not expected to restart after a maintenance until later this year.
Overall refining output in Africa remains low as many refineries remain closed or are operating intermittently, according to Africa-focused oil consultancy CITAC.
In South Africa alone, refinery output fell 28% last year as all refineries were closed in April and May due to the lockdown.
In April, South Africa’s Engen said it will be proceeding with the conversion of its Durban refinery into a terminal. Astron Energy’s Cape Town will remain closed until 2022, after an incident in July 2020, S&P Global Platts data reported earlier.

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Maintenance mostly over in Africa | Hellenic Shipping News Worldwide

Maintenance mostly over in Africa
Most of the current round of refinery maintenance in Africa has been completed.
However, South Africa’s Cape Town and Engen remain closed.
ONGOING MAINTENANCE
New and revised entries
** Ghana’s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. “The refinery has resumed processing after days of some maintenance to correct some few issues,” the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.

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REFINERY NEWS ROUNDUP: Maintenance mostly over in Africa

New and revised entries
** Ghana's sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. "The refinery has resumed processing after days of some maintenance to correct some few issues," the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.

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NOC wins arbitration case against Emirati LERCO

NOC wins arbitration case against Emirati LERCO
libyaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from libyaherald.com Daily Mail and Mail on Sunday newspapers.

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Libya's NOC says Paris court confirmed that LERCO must pay NOC $115 million plus interest

Libya's National Oil Corp (NOC) said on Sunday that a Paris court of appeal had upheld an award by a court of arbitration against Libyan Emirates Oil Refining Company (LERCO) regarding the Ras Lanuf refinery in Libya.

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UPDATE 1-Libya's NOC says Paris court confirmed that LERCO must pay it $115 million plus interest

Libya's National Oil Corp (NOC) said on Sunday that a Paris court of appeal had upheld an award by a court of arbitration against Libyan Emirates Oil Refining Company (LERCO) regarding the Ras Lanuf refinery in Libya.

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Libya's NOC says Paris court confirmed that LERCO must pay NOC $115 million plus interest

Libya's NOC says Paris court confirmed that LERCO must pay NOC $115 million plus interest
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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