Libya to take stake in Tunisian refinery

01 November 2010

Tripoli will take undisclosed share of La-Skhira refinery, says Libyan prime minister

Libya is to take a stake in Tunisia’s $3bn La-Skhira refinery, its prime minister has said.

Speaking on Libyan television, Al-Baghdadi Ali al-Mahmoudi said Libya would take a undisclosed role in the building of the facility, which will process 120,000 barrels a day of crude oil when completed.

The stake Libya takes in the refinery may depend on the amount of crude oil feedstock it is prepared to supply for the scheme. The current stakeholders in the scheme are Qatar Petroleum (QP) and the UK’s Petrofac.

QP has been considering offering a stake in the refinery to anyone who is prepared to supply feedstock on a long-term basis at a price that ensures that a sufficient retun can be made on the investment.

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