Oilibya

OiLibya, is the brand name used by the affiliates owned by Libya Oil Holdings and previously known as Tamoil Africa. Oilibya has over 3000 branches in 17 countries across Africa, including Egypt, Senegal, Ivory Coast, Cameroon, Gabon, Kenya, Mali, Burkina Faso, Niger, Chad, Eritrea, Uganda, Nigeria, Mauritius, Réunion, Morocco, Tunisia, Ethiopia,and Sudan.[1]

OiLibya
IndustryOil and Gas
PredecessorTamoil Africa
SuccessorOLA Energy
Founded2000
Headquarters
Area served
Africa
ParentLibyan African Portfolio
Websitewww.oilibya.com
An OiLibya gas station in Ethiopia

Services and products

Expansion & oil exploration

In 2008, OiLibya entered the Ethiopian market acquiring 100% of Shell's Ethiopia and Djibouti petroleum retail business.[11] The amount of money spent by Oilibya to close the deal was unreavealed.[12] Oilibya has bought many other retail petroleum dealers in Africa, including taking over ExxonMobil's business in Kenya.[13]

Bahru said at the time the sale was consistent with Shell's global strategy to focus on oil exploration and get out of retail business.[14]

As well as operating retail outlets in Africa OiLibya, previously called Tamoil Africa, proposed plans to build two pipelines on the continent, one between Kenya and Uganda and another to supply five countries with oil products from a Ugandan refinery.

Subsidiaries and affiliates of OiLibya

OiLibya has 18 subsidiaries[15]

Main consolidated subsidiaries

2011 Libyan civil war

In February 2011, some African countries began to express concerns as to how the 2011 Libyan civil war might affect OiLibya and its outlets across the region. Of particular concern were the huge debts racked up by Libya's key enterprises.[16][17]

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See also

  • Libya Oil Holdings [18]

References

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