Rida T.S. has announced recently the reprocessing of its joint venture foundation with Krohne in post-revolution Libya.
Krohne Libya Joint Stock Company will be formed between Krohne and Rida Technical Services. Based in Tripoli, it is the Second joint venture (JV) for Rida with global company. Now re-opened, the Krohne Libya will invest heavily in the provision of Metering System to local oil and gas organizations.
Haitam Glesa, chairman, Rida T.S., commented: “Technology in Libya has hindered the industry’s ability to keep pace with demand. Today, the development of brown and Greenfield projects is an exciting possibility. Krohne’s extensive presence in North Africa and the Middle East demonstrates the company’s deep knowledge and commitment to the region, and is the partner of choice for organizations seeking to maximize the opportunities now available”.