What is the timeline and ownership status for restarting the Ras Lanuf oil refinery?

Libya aims to restart the Ras Lanuf oil refinery — its largest, with a capacity of 220,000 barrels per day — within six to 12 months; the National Oil Corporation (NOC) has finalized an agreement with its Emirati partner Trasta to end their partnership and transfer full ownership and control of the refinery and associated complex to Libya.

What are the key operational details NOC has confirmed for the Ras Lanuf refinery restart?

NOC chairman Masoud Suleman stated that the budget for the restart has been allocated, NOC possesses the necessary manpower and equipment for maintenance, the estimated cost is about $60 million, initial output will target the domestic market, be marketed by NOC subsidiary Brega Oil Company, run on Libya’s Amna crude grade, and begin at approximately 200,000 bpd before ramping up to full 220,000 bpd capacity.

Libya aims to restart Ras Lanuf oil refinery within a year, NOC says

May 13, 2026

Libya's National Oil Corporation plans to restart its 220,000 bpd Ras Lanuf refinery within six to 12 months after resolving an arbitration dispute, allocating $60 million for maintenance to supply the domestic market.

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