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Home Oil & Gas

Two New Oil Refineries Approved

31st October 2013
in Oil & Gas
Two New Oil Refineries Approved
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Prime Minister Ali Zeidan (pictured) has announced the building of two new oil refineries to produce for local consumption.

Libya Herald reports that the larger of the two refineries, with a capacity of 300,000 bpd, would be built in Tobruk, while the smaller one with a 50,000 bpd capacity would be in the southern town of Ubari.

According to the report, the announcement that the Ubari refinery would have a capacity of only 50,000 bpd seems at odds with advice that refineries needed to be of a capacity of at least 300,000 bpd to make them commercially competitive.

(Source: Libya Herald)

Tags: refineriesTobrukUbari

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