Trade fair in Tripoli:
Ferrostaal sees tremendous potential in Libya
At the Tripoli International Fair, which concludes tomorrow, Ferrostaal AG shows its activities in the oil & gas industry and announced the further expansion of its activities in Libya, particularly those concerning renewable energy.
As Carsten Arlt, Head of Ferrostaal in Libya, remarks, “Its steadily growing economy, the ongoing liberalisation of the economic system and revenues from its continually expanding oil and gas production have turned Libya into a location with tremendous potential.”
Ferrostaal has already been operating in Libya for more than 30 years and has established itself as a leading service provider in the engineering, procurement and construction sectors. The focus of its activities is on supplying turnkey facilities for maintaining and increasing the production of crude oil and natural gas, as well as the infrastructure associated with it such as the construction of pipelines.
Ferrostaal AG, Essen, is a global provider of industrial services in plant construction and engineering. As a general contractor in plant construction, the company offers project development, project management and financial planning for turnkey installations, including petrochemical plants, gas and solar power stations, oil and gas installations, biofuels and industrial plants. Ferrostaal operates as an independent sales and service partner for machine and systems manufacturers in the automotive, printing and packaging machinery, piping and marine construction sectors, and employs around 5,700 people in 60 different countries. In 2008, its annual turnover amounted to 1.6 billion euros. 70% of the shares in Ferrostaal AG are held by the International Petroleum Investment Company from Abu Dhabi (IPIC), while 30% are owned by MAN AG (Munich, Germany). For more information, please visit www.ferrostaal.com.