Libya’s Largest Oil Refinery Gets Green Light for Major Expansion
Libya’s state National Oil Company has received encouraging results from a Honeywell UOP feasibility study on expanding the country’s largest oil refinery. The study confirms that upgrading the Zawiya refinery in Northwest Libya is not only feasible but would save substantial funds currently spent on gasoline import subsidies.
The Zawiya refinery, which currently produces around 120,000 barrels per day, would see its capacity boosted by approximately 25 percent under the expansion project. The National Oil Company’s board reviewed the findings at their Tripoli headquarters, describing the results as “very encouraging” and noting the potential for the refinery to produce a significant portion of local gasoline market needs.
The expansion comes as the refinery recently resumed operations in December after a temporary halt due to a fire that broke out in storage reservoirs. Libya, which produces about 1.4 million barrels per day and holds crude deposits estimated at nearly 50 billion barrels, continues to modernize its hydrocarbon infrastructure despite ongoing regional challenges.
Source: agbi.com
