Norway’s Yara has signed major agreements with National Oil Corp (NOC) and the Libyan Investment Authority (LIA) to form a joint venture for the production and marketing of mineral fertilizers
The JV comprise of 50% stake by Yara and remaining owned by LIA and NOC. The JV was setup to upgrade existing ammonia and urea production plants with capacity of approximately 700,000 tonnes/year of ammonia and 900,000 tonnes/year of urea located at Marsa el-Brega and additional new fertilizer plants.
The JV comprise of 50% stake by Yara and remaining owned by LIA and NOC. The JV was setup to upgrade existing ammonia and urea production plants with capacity of approximately 700,000 tonnes/year of ammonia and 900,000 tonnes/year of urea located at Marsa el-Brega and additional new fertilizer plants.
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