Shell Ethiopia sold its holdings in November 2008 to Libya Oil Holding and the purchase and sale agreement has now been finalized, Petroleum Africa reports
Libya Oil Holding (OiLibya), a new trademark in the Ethiopian oil market, has begun re-branding operations at Shell Ethiopia’s 201 retail outlets.
OiLibya has retained only 142 employees of Shell Ethiopia which has caused some consternation with labor unions in the country, as they were in a series of battles with Shell over service benefit claims. The dispute came to an end when Shell sold the company.
The state-owned OiLibya, formerly Tamoil Africa, operates gasoline stations in African nations, including Egypt and Burkina Faso, and 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.
Author:
Ksenia Kochneva
