Continental Focus, International Reach

Libya to Relocate Swiss Refinery

Wednesday, November 14, 2018

Libya’s state-run firm, NOC, wants to relocate its Collombey refinery into the southern portion of the country. With the events of the past seven or so years, it is often forgotten that the state-run firm held assets outside of the country, but NOC is the owner of the Collombey refinery in Switzerland.

According to a statement on its website, NOC said that moving the refinery was within the framework of its ongoing efforts to address the southern fuel crisis, and the creation of projects to bring new employment opportunities and economic benefits to southern Libya.

Both NOC and Zalaf Oil & Gas Exploration and Production Co, have reviewed studies relating to the relocation of the refinery to southern Libya. The decision to relocate and proceed with the refinery project plan was recently taken during a meeting overseen by Dr Khalifa Rajab, chairman of the Zalaf management committee, on November 11in the presence of specialists from NOC’s Oil Industries department, and the refinery working group team.

Attendees stressed the importance of security, calling on the people of the south to support NOC and Zalaf in ensuring a stable security environment in the region given its importance for the successful implementation of this important project; one which will bring tremendous benefit to the southern population once completed.

The Collombey refinery is owned by Tamoil Switzerland Oil Company. Tamoil is the trading name  of Oil invest Group which is owned by NOC and the Libyan government.