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:
“It is while we are young that the habit of industry is formed. If not then, it never is afterwards. The fortune of our lives therefore depends on employing well the short period of our youth.”
—Thomas Jefferson (1743–1826)
“No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
—Thomas Henry Huxley (1825–95)
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)