Tag Archives | Tamoil

Refinery to be Relocated from Switzerland to Southern Libya

Within the framework of ongoing efforts by the National Oil Corporation (NOC) to address the southern fuel crisis, and the creation of projects to bring new employment opportunities and economic benefit to the region, NOC and Zalaf Oil & Gas Exploration and Production Co, have reviewed studies relating to the relocation of the Collombey refinery […]

Interview: New LIA boss plans to fund Libyan Infrastructure

By Adam Nathan. The newly-appointed Chief Executive Officer (CEO) of the Libyan Investment Authority (LIA), the country’s sovereign wealth find, which holds $67 billion of assets, said he is seeking to work and co-invest with international investors including major oil companies to boost his country’s wealth. In his first interview with the media, Mr Ali Shamekh […]

Uganda, Kenya Cancel Tamoil Pipeline Contract

Uganda and Kenya have cancelled a contract with Libya’s Tamoil East Africa Ltd to build a 352-kilometer (219-mile) reversible-flow oil pipeline linking the Ugandan capital Kampala with the western Kenyan city of Eldoret. Irene Muloni, Uganda’s energy minister said: “We canceled the Tamoil contract .. If you do not fulfill the terms of an agreement, […]

Ugandans Worry about Libyan Funded Companies

Uncertainty continues to build around Libyan interests in Uganda, resurrecting fears that thousands of jobs could be at stake. Libya has invested over $375m in Uganda’s agriculture, hotel, health, infrastructure, construction, food and financial industries, providing jobs for over 3,000 Ugandans directly and indirectly, according to a report from AllAfrica. Libyan-funded companies in Uganda include […]

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Libya Tamoil to Spend Millions on Refinery in Switzerland

After it was threatened to be forced to suspend operations in its Collombery refinery, the Libyan Tamoil’s Swiss branch said it would spend “tens of millions” of Dollars in clean-up of plant plan. Reuters reported last week that the Swiss canton of Valais, best known for the “Toblerone mountain” and world-class ski resorts, in March […]

Libya’s Tamoil pledges cash to save Swiss refinery

Libyan-owned Tamoil’s Swiss branch said it will spend “tens of millions” of Swiss francs on its Collombey refinery after cantonal authorities issued an ultimatum on a clean-up of the plant and threatened to force it to suspend operations. The Swiss canton of Valais, best known for the “Toblerone mountain” and world-class ski resorts, in March […]