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Yara’s Lifeco fertilizer joint venture with the national oil and investment companies of Libya is located at Marsa El Brega on the Mediterranean coast, about 700 kilometers east of the Libyan capital of Tripoli.
The plant, part of a chemical complex at Marsa El Brega, employed around 1,200 people when the joint venture agreement was signed in February 2009 with the National Oil Corporation of Libya (NOC) and the Libyan Investment Authority (LIA).
Yara holds a 50 percent stake in the new fertilizer joint venture, with NOC and LIA each holding a 25 percent stake.
NOC will supply natural gas to Lifeco under a long-term agreement, with the gas price linked to fertilizer product prices. Yara will handle all urea and ammonia exports from Lifeco.
For more information visit Lifeco's local website.
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