Industry
The town is the site of an important oil refinery and serves as a major export hub for Libyan oil, being one of five oil terminals in the eastern half of Libya. The oil refinery belongs to and is run by Sirte Oil Company, a subsidiary of the state-owned National Oil Corporation (NOC). Sirte Oil Company is based in Brega. During the 1960s and 1970s it was run in partnership with the international oil company Esso. By the early 80’s, Esso had left, passing full control over to the Sirte Oil Company.
During the Libyan civil war, oil export and activities at the oil refinery have been brought to a standstill. By the end of February, throughput at the oil terminal had diminished from 90,000 barrels of crude oil daily to a mere 11,000. Many employees at the terminal had left, following rumours that the regime of Muammar Gaddafi was going to bomb the plant.
Brega is the starting point of the 670 km (420 mi) Brega-Khoms Intisar gas pipeline.
Read more about this topic: Brega
Famous quotes containing the word industry:
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—Thomas Jefferson (1743–1826)
“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”
—Andrew Jackson (1767–1845)