Libya's NOC eyes potential cracker restart in Q2

13 January 2012 16:27  [Source: ICIS news]

LONDON (ICIS)--Libya’s National Oil Corporation (NOC) could restart its 330,000 tonne/year ethylene cracker at Ras Lanuf sometime in the second quarter, a company source said on Friday.

The cracker was shut down in February 2011 at the onset of the Libyan civil war.

"We are concentrating on bringing back the oil [production], we’ve got to 1.2 million bbl/day which is very good, people didn’t expect it," the source said. "The cracker will take a few more weeks."

Restarts of NOC’s two methanol plants are also expected around the same time, although the source stressed that the second-quarter was not an official target, only a guideline.

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By: Nel Weddle
+44 20 8652 3214

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