Norway fertiliser maker Yara mulls Australian deal
Norwegian fertiliser company Yara would like to boost its current 35-percent stake in Australian ammonia maker Burrup and is considering whether to match Apache Corp’s bid for 65 percent of the firm....
View ArticleYara unveils unacceptable payments in Swiss JV
Yara International, one of the world’s largest fertiliser companies, said it had uncovered “unacceptable payments” at its joint venture in Switzerland after an external investigation into possible...
View ArticleSEC Probing Eni, Total Over Libya Operations
The U.S. Securities and Exchange Commission has sent formal requests for information to Italy’s Eni SpAand France’s Total SA related to the companies’ Libyan businesses, the companies disclosed in...
View ArticleLeaked Gaddafi-era documents expose the need for urgent oil reforms
Global Witness has obtained Gaddafi-era documents that detail the mismanagement of millions of dollars of Libyan oil revenues and highlight murky practices by Libya’s state-owned National Oil Company...
View ArticleYara Says Investigation Confirms Unacceptable Payments
Norwegian fertilizer producer Yara International ASA confirmed Friday that it had made “an unacceptable payment” of $1 million in India in 2007, as well as “unacceptable offers of payments” in Libya,...
View ArticleYara Ex-CEO Indicted for Libya Corruption
Bloomberg reports that Four members of Yara International’s former management team have been indicted for gross corruption in Libya and India. The fertilizer maker’s former CEO Thorleif Enger was...
View ArticleFertilizer Company Resumes Operations
The Norwegian fertilizer producer Yara International ASA has said that its Libyan Norwegian Fertilizer Company (Lifeco) has re-started operations at its ammonia plant in Marsa el Brega. The company...
View ArticleLibya’s Top 5 Corruption Scandals
From Transparency International. Renewed factional fighting in Libya has claimed more than 150 lives in the past two weeks. The oil rich country is on the verge of becoming a failed state with a...
View ArticleNorwegian Execs Deny Corruption
Four members of Norwegian fertiliser giant Yara International’s former management team have pleaded not guilty before Oslo district court to charges of “aggravated bribery” in Libya and India. The...
View ArticleYara Books $112m Libya Impairment
Norwegian fertiliser producer Yara International is to write down the value of its Libyan plant by $112 million, due to the deteriorating security situation. In a statement, the company said: “Due to...
View ArticleNorway fertiliser maker Yara mulls Australian deal
Norwegian fertiliser company Yara would like to boost its current 35-percent stake in Australian ammonia maker Burrup and is considering whether to match Apache Corp's bid for 65 percent of the firm....
View ArticleYara unveils unacceptable payments in Swiss JV
Yara International, one of the world's largest fertiliser companies, said it had uncovered "unacceptable payments" at its joint venture in Switzerland after an external investigation into possible...
View ArticleLifeCo Gas Supply Suspended pending Debt Payment
The National Oil Corporation (NOC) has confirmed the suspension of natural gas supply to the Libyan Norwegian Fertiliser Company (LifeCo) pending settlement of unpaid debts. In a statement, NOC said:...
View ArticleLifeCo to Restart Operations
Libya’s National Oil Corporation (NOC) has said it had restored natural gas supply to the Libya Norwegian Fertiliser Company (LifeCo). In a statement, the NOC said that factory operations are expected...
View ArticleNOC acquires Yara's stake in Libyan Fertiliser Company
Norwegian fertiliser producer Yara International has entered into an agreement with Libya's National Oil Corporation (NOC) and the Libyan Investment Authority (LIA) on 31 December 2020 to divest its...
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