Oilibya Explained

Ola
Industry:	Oil and Gas
Predecessor:	Tamoil Africa
Predecessors:	-->
Successor:	OLA Energy
Successors:	-->
Founded:	2000
Founders:	-->
Hq Location Country:	Mauritius
Area Served:	Africa
Areas Served:	-->
Owners:	-->
Parent:	Libyan African Portfolio
Website:	www.oilibya.com

Ola, is the brand name used by the affiliates owned by Libya Oil Holdings and previously known as Tamoil Africa. Ola 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]

Services and products

• Fuels ^[2]
• Lubricants ^[3]
• LPG ^[4]
• Industrial & wholesale ^[5]
• Supply & trading ^[6]
• Retail ^[7]
• Aviation ^[8]
• Marine ^[9]
• Lubricants ^[10]

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 unrevealed.^[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]

Subsidiaries and affiliates of OiLibya

OiLibya has 18 subsidiaries^[15]

Main consolidated subsidiaries

• Burkina Faso
• Cameroon
• Chad
• Egypt
• Eritrea
• Ethiopia
• Gabon
• Kenya
• Mali
• Morocco
• Niger
• Réunion
• Senegal
• Sudan
• Tunisia
• Uganda

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]}

See also

• Libya Oil Holdings^[18]

References

1. Web site: Re-branding of fuel stations: from OiLibya to OLA Energy. www.petrolplaza.com. 17 September 2019 . 2020-05-28.
2. Web site: OiLibya Services : Fuels . OiLibya.
3. Web site: OiLibya Services : Lubricants . OiLibya.
4. Web site: OiLibya Services : LPG . OiLibya.
5. Web site: OiLibya Services : Industrial and Wholesale . OiLibya.
6. Web site: OiLibya Services : Supply & Trading . OiLibya.
7. Web site: OiLibya Services : Retail . OiLibya.
8. Web site: OiLibya Services : Fuels . OiLibya.
9. Web site: OiLibya Services : Marine . OiLibya.
10. Web site: OiLibya Services : Lubricants . OiLibya.
11. News: 2008-07-15. OiLibya buys Shell's Ethiopia, Djibouti operations. en. Reuters. 2020-05-28.
12. News: OiLibya buys Shell's Ethiopia, Djibouti operations. Reuters Editorial. U.K.. 2017-08-26. en-GB.
13. News: 2008-07-15. OiLibya buys Shell's Ethiopia, Djibouti operations. en. Reuters. 2020-05-28.
14. http://uk.reuters.com/article/ethiopia-libya-shell-idUKL159192220080715 Reuters-OiLibya buys Shell's Ethiopia, Djibouti operations
15. http://www.oilibya.com/en/contact-us?lang=en
16. http://mobile-barcode.tmcnet.com/news/2011/02/28/5341895.htm The East African/All Africa Global Media-EAC, Comesa Businesses On Knife-Edge As Gaddafi's Regime Shakes
17. https://www.theeastafrican.co.ke/news/-/2558/1115392/-/o5ntkrz/-/ The East African-EAC, Comesa Businesses On Knife-Edge As Gaddafi's Regime Shakes
18. News: Libya stake in Circle Oil frozen as EU turns screw on Gaddafi - Independent.ie. Independent.ie. 2017-08-23. en.