The world's top aluminium firm United Company Rusal has signed an agreement with Libya to build an aluminium smelter in Libya with an annual capacity of 600,000 tonnes, reported AP. The parties also have agreed to build a 1,500 megawatt gas power station to supply energy to the smelter. The natural gas for the complex will be supplied by the National Oil Company of Libya under a contract intended to last at least 30 years. UC Rusal was formed in March 2007 by a merger between Russian producers Rusal and Sual, and the assets of Switzerland-based commodities trader Glencore.
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