Libya’s eastern Ministry of Agriculture and Libyan-Norwegian joint venture Fertilizer Company sign cooperation agreement

By Sami Zaptia.

(Photo: LifeCo).

London, 10 February 2020:

Libya’s eastern-based Ministry of Agriculture signed a cooperation agreement with the Libyan-Norwegian Fertilizer Company “Lifeco”, based in Marsa Brega, last Friday.

The agreement, the eastern-based state LANA news agency reported, was signed at the Agricultural Bank’s headquarters in Benghazi. It comes in the framework of considering farm conditions at the present time and facilitating the supply of urea fertilizer at affordable prices.

The agreement also considered the possibility of supplying 50,000 tons of locally manufactured urea fertilizer for the local market at LD 550 per ton for distribution to all the agriculture sector in the municipalities during the 2020/21 agricultural season.

The agreement is seen as a good step for the sector and farmers, preventing the black market from exploiting farm conditions.

It will be recalled that this agreement had been agreed with the eastern-based Libyan ‘‘Prime Minister’’ Abdalla Thinni in January as part of improving food security in Libya

The Lifco is the only fertilizer producer in Libya.

 

 

 

LIFECo resumes ammonia production at plant 2

 

Libya Norwegian Fertiliser Company (LifeCo) to restart operations after reaching agreement

 

Lifeco’s resumed fertiliser output boosts Norwegian partner Yara

 

Lifeco’s Norwegian partner Yara International, on corruption charge

 

NOC suspends gas supplies to Libyan Norwegian Fertilizer Co. pending debt payment

 

 

 

 

You must be logged in to post a comment Login