22 May 2013 11:35 [Source: ICIS news]
LONDON (ICIS)--The Libyan National Oil Corporation (NOC) cracker at Ras Lanuf has not restarted and there are no signs that a restart will be anytime soon, a company source said on Wednesday.
“Nothing is starting,” the company source said.
The news contradicts market reports a couple of weeks ago which suggested a restart in the second half of May and that Libya could be ready to export from early June.
“Even if it [the cracker] restarts, it will take 30 days to fill the tank,” the company source said.
The last news directly from NOC was that a restart was unlikely before the start of 2013.
The cracker, which has the capacity to produce 330,000 tonnes/year of ethylene, and 170,000 tonnes/year of propylene was shut down in February 2011 because of the conflict and violent unrest in the country at the time.
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