Tamoil: Libya's Stagnating Business Arm
Article from: OGEL 5 (2013), in Roundup of Articles
Amid continuing pressure to reform Libya's hydrocarbon sector, one external downstream business remains overlooked. Up until the revolution, the Tamoil brand represented a potential complement to Libya's oil and gas sector on two continents. Purchased by Gaddafi in the mid-eighties, the Tamoil brand was firmly cemented within Europe, thus providing the regime with a growing business arm across the water. Providing access to the European downstream (refining and distribution) sector, Tamoil rapidly developed its infrastructure, expanding its presence across Europe through the purchasing ...