Tripoli is working hard to kick start its ailing refinery and petrochemicals sectors. A draft downstream master plan, due for end-June completion, envisages investing around $80bn to 2025 on rehabilitation and new-build refinery capacity of around 1mn b/d and three major new petchems plants.
The draft report will be delivered to the National Oil Company (NOC) for review. In September tenders will be issued for an international consultancy to give third-party input and help come up with a final plan, explains study coordinator Muhammad Ellob of the Libyan Petroleum Institute. (CONTINUED - 821 WORDS)