Libya has scaled back its downstream ambitions in the face of continued political instability, which has brought crude oil exports to their knees and deterred investment. Despite this, a tender is imminent, and work on a modest increase in capacity could begin this year.
Plans to build up to three greenfield refineries have been shelved by state-owned National Oil Corporation (NOC). Instead, the creaking downstream sector is to be augmented only by one major upgrade to an existing refinery, and two small new facilities. (CONTINUED - 627 WORDS)