Libya’s NOC has signed a final settlement with Trasta, ending the foreign partner’s stake in LERCO and restoring full Libyan ownership of the Ras Lanuf Refinery & Petrochemical Complex, Libyan journalist reports

The resolution of Libya's NOC's stake in LERCO marks a significant shift toward full national control over the Ras Lanuf facility, which could stabilize local energy production amidst ongoing geopolitical tensions.

Newsquawk StaffPublished 11 May 2026, 10:58 UTCOn the live feed at 10:38 UTC — 6 more headlines followed before this page went public

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10:41

Iran’s oil minister says the oil sector has faced issues since the US blockade, but prepared countermeasures are still being implemented, state TV reports

10:39

UK Labour MP West will move ahead with her stalking horse challenge against PM Starmer, ITV's Peston reports

10:38

Libya’s NOC has signed a final settlement with Trasta, ending the foreign partner’s stake in LERCO and restoring full Libyan ownership of the Ras Lanuf Refinery & Petrochemical Complex, Libyan journalist reports

10:33

EU Commission Spokesperson says we have good exchanges with Anthropic and we are not at a stage where we can speculate on potential access to AI model

10:32

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Context

This move might encourage domestic investment while signaling to foreign partners the shifting landscape of Libyan energy governance, potentially impacting global oil supply and prices.

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