Oil Corporation: We will harness the capabilities to restart the industrial complex in Ras Lanuf

Oil Corporation: We will harness the capabilities to restart the industrial complex in Ras Lanuf
Oil Corporation: We will harness the capabilities to restart the industrial complex in Ras Lanuf
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The head of the National Oil Corporation, Farhat bin Qadara, confirmed that all capabilities will be harnessed in order to restart the Ras Lanuf industrial complex at its full capacity. This is to strengthen and advance the national economy, and the resumption of production operations will contribute to meeting the needs of local demand for various secondary industries, creating more opportunities for companies in the region, as well as providing new job opportunities for various segments of the developing private sector.

The statements of the Chairman of the National Oil Corporation came during his presidency of the General Assembly of the Ras Lanuf Oil and Gas Manufacturing Company yesterday, Monday, at the headquarters of the Arabian Gulf Oil Company. Accompanied by Masoud Suleiman, Ahmed Ammar, Hussein Saffar, and through the closed circle, Khalifa Abdel Sadiq, members of the Board of Directors of the Corporation, members of the General Assembly, in the presence of Shaaban Bsibso, Chairman of the Board of Directors of the company and Muhammad Hamida Awad, Ahmed Suleiman, Faraj Hammad, Abdul Razzaq Zariba, members of the company’s management committee, and general managers Department directors and a number of specialists from both sides, and the chairman and members of the company’s control board .

The Chairman of the Board of Directors of Ras Lanuf confirmed that the company was able to implement the first plan to restart the industrial complex by importing quantities of ethylene to operate the first line of the polyethylene plant, up to the stage of local marketing. .

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And he indicated that the company is continuing to implement the project to restart the industrial complex, which will culminate in restarting the ethylene plant soon.

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A member of the Board of Directors and Director General of Operations, Abdul Razzaq Zariba, spoke about the most prominent stations included in the restart plan, and indicated the readiness of all units of the industrial complex, including the ethylene plant, after most of the operational tests of the plant’s systems and compressors were conducted, and while waiting for the introduction of naphtha in order to start operations. final according to approved operating manuals .

During the meeting, the General Department of Finance presented a summary of the proposed budget and actual expenditures for the year 2021 AD, the approved budget, the liquidity and expenditures for the year (2022 AD), and the proposed budget for the year 2023 AD.

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