First shipment of urea from Lifeco since NOC takeover of Yara sharesBy Sami Zaptia. London, 18 February 2021:The Libyan Norwegian Fertilizer Company (Lifeco) announced today that the vessel MARE I docked today to load the first export shipment of urea since it became a majority-owned Libyan company. In January this year, the National Oil Corporation had taken over the 50 percent share of Yara in Lifeco to become the majority shareholder. Lifeco reported that the MARE I will load 5,000 metric tonnes. NOC acquires Norwegian Yara’s 50 percent stake in Libyan-Norwegian Fertilizers Company | (libyaherald.com)NOC suspends gas supplies to Libyan Norwegian Fertilizer Co. pending debt payment | (libyaherald.com)Lifeco’s resumed fertiliser output boosts Norwegian partner Yara | (libyaherald.com)

Source: Libya Today February 18, 2021 16:41 UTC