business
NOC ends Trasta Energy partnership, retakes control of Ras Lanuf
Key takeaways
- Trasta Energy is part of the United Arab Emirates-based Al Ghurair Group.
- The agreement, signed by NOC chairman Masoud Suleman, marks the conclusion of a decade-long partnership for the Libyan refinery.
- This development resolves long-standing international legal disputes affecting Libya s oil sector and transitions control of the Ras Lanuf complex back to Libyan hands.
NOC ends Trasta Energy partnership, retakes control of Ras Lanuf Shree Mishra Tue, May 12, 2026 at 5:48 PM GMT+7 1 min read Libya’s National Oil Corporation (NOC) has signed an agreement with Trasta Energy to end their partnership in the Libyan Emirates Oil Refining Company (LERCO), the operator of the Ras Lanuf refinery.
Trasta Energy is part of the United Arab Emirates-based Al Ghurair Group.
The agreement, signed by NOC chairman Masoud Suleman, marks the conclusion of a decade-long partnership for the Libyan refinery. As part of this, all shares held by Trasta Energy in LERCO will be reverted to NOC.
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