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๐Ÿ‡ฑ๐Ÿ‡พ Libya /Economy & Trade

Switzerland's Sulzer partners with Libya's NOC subsidiary for equipment services venture

From Libya Herald · (2d ago) English

Translated from English, summarized and contextualized by DistantNews.

TLDR

  • Swiss industrial engineering firm Sulzer has formed a joint venture with Libya's National Oil Corporation subsidiary Jawaby Services & Investments Ltd.
  • The new entity, Jawaby Sulzer Services, will provide in-country services for rotating equipment in Libya's oil & gas, power generation, and industrial sectors.
  • This venture aims to eliminate the need for operators to send critical assets abroad for repairs, reducing lead times and operational risks.

Switzerland's Sulzer, a global leader in industrial engineering, has taken a significant step to bolster Libya's energy and industrial sectors through a new joint venture. Partnering with Jawaby Services & Investments Ltd (JSIL), a subsidiary of Libya's National Oil Corporation (NOC), Sulzer establishes Jawaby Sulzer Services. This new entity is poised to revolutionize the provision of rotating equipment services within Libya.

Jawaby Sulzer Services will introduce a service facility in the Misrata Free Zone to support oil and gas, power generation and industrial companies in Libya.

โ€” SulzerDescribing the new entity's operational base and target sectors.

For too long, Libyan operators have faced considerable challenges, including extended downtime and increased operational risks, due to the necessity of sending vital equipment abroad for maintenance and repairs. Jawaby Sulzer Services directly addresses this critical market gap. By establishing a dedicated service facility in the Misrata Free Zone, the venture will offer comprehensive, OEM-grade services locally.

Sulzer and JSIL will establish full-scope, OEM-grade rotating equipment services within Libya for the first time, combining Sulzerโ€™s global technical expertise with JSILโ€™s strong local presence and market connectivity.

โ€” SulzerHighlighting the unique combination of international expertise and local market access.

This collaboration uniquely merges Sulzer's extensive global technical expertise with JSIL's deep-rooted local presence and market understanding. It signifies a commitment to bringing the highest industry standards directly to Libya, fostering self-sufficiency and enhancing the operational capabilities of the nation's key industries. The venture promises not only to improve efficiency but also to reduce the logistical burdens and associated costs for Libyan businesses.

operators have been required to send critical assets (including pumps, gas and steam turbines, compressors, motors and generators) abroad for overhaul and major repairs, resulting in extended lead times and increased operational risk.

โ€” SulzerExplaining the previous challenges faced by Libyan operators.
DistantNews Editorial

Originally published by Libya Herald in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.