TRIPOLI, October 8, 2025 — The Libyan Fertilizer Company (LIFECO) convened its Ordinary General Assembly meeting this morning, Wednesday, with the participation of Dr. Ali Mahmoud Hassan, Chairman of the Board of Directors and CEO of the Libyan Investment Authority (LIA), and Eng. Masoud Suleiman Musa, Chairman of the Board of Directors of the National Oil Corporation (NOC), alongside the LIFECO Board of Directors and departmental representatives from both the LIA and NOC.
Attendees reviewed LIFECO’S activity report for the fiscal year ending December 31, 2024. The report highlighted a notable improvement in the operational performance of the ammonia and urea plants, along with excellent operational results reflecting recent efforts.
Discussions also centered on the principal challenges and difficulties faced by LIFECO throughout the year. Participants explored cooperative strategies between the LIA and the NOC aimed at overcoming these hurdles and enhancing overall performance. The stated objective is to ensure the LIFECO’s continued contribution to the national economy, specifically in the crucial supply of urea for the agricultural sector.
The meeting concluded with the approval of the 2024 financial statements. A core theme was the importance of sustaining efforts to address outstanding challenges and boost performance to meet the company’s developmental goals. The dedication and competence of the LIFECO employees were also formally commended for their role in securing the positive results.