Total and OiLibya have opened their new industrial facility in Egypt, in the presence of Momar Nguer, Senior Vice President Africa/Middle East of Total Marketing & Services, and Ibrahim Bugaigis, Chairman & CEO, Libya oil corporate.
The facility at Borg El Arab, near Alexandria, comprises a tank farm and a blending unit that will be operated by Oil Products Storage and Blending Alexandria (OPSBA), an industrial joint venture in which the two companies hold 65% and 35% respectively.
The facility, which spans over 34,000 m2 and took 16 months to build, was completed in October of this year. It meets the most stringent safety and environment standards. It consists of an administration building for the 50 people working on the site, a lubricant blending unit with a production capacity of 40,000 metric tons per year, a depot with 23 tanks that can hold 8,000 m3 of products, and an onsite laboratory to ensure quality control and perform oil analysis.
The blending unit uses state-of-the-art technology to produce a wide range of top-grade lubricants for manufacturing, agricultural and construction machinery as well as for trucks, cars and motorbikes. "This latest investment once again demonstrates our commitment to Egypt and continued expansion here," said Momar Nguer. "By reliably delivering specified quantities of products of consistent quality, the facility offers a major competitive advantage in the market and will support the growth of our lubricants business line, the most profitable segment in our portfolio," added Thomas Rebeyrol, Managing Director of Total Egypt.
"Over the past ten years, Oilibya business magnitude has grown rapidly in the Egyptian market. In order to meet this growing demand, the corporate decided to invest in the OPSBA production facility in Borg El Arab - Alexandria" said Ibrahim Bugaigis, Chairman & CEO, Libya oil corporate.