TRIPOLI, Libya, April 28 /PRNewswire/ --
- Tamoil Seeking to Expand its Presence in Growing Markets
- Strategic Partners Will be Considered but Only Where Significant Commercial Synergies Prevail
The newly appointed CEO of The Oilinvest Group (Tamoil), Mr. Isam Zanati, today made the following statement.
"There has been a degree of speculation in the media over the last few weeks regarding the future of Oilinvest and the Tamoil brand. As the newly appointed CEO of Oilinvest, I wish to make clear that I consider Tamoil to be the crown jewel of Libya's overseas downstream investments.
We are seeking to expand Tamoil's presence in growing markets, and to better position the company as a leading oil and energy group in Europe. We are currently in the process of re-structuring the management to achieve these goals.
We may or may not align with a strategic partnership in the future, however this would only be an option if significant mutually beneficial commercial synergies could be realised."
Information on Tamoil:-
Oilinvest's activities under the Tamoil brand include the supply, trading and refining of crude oil and the sale of refined oil products, mainly in Europe and Africa. Tamoil owns more than 3,000 service stations in Europe, concentrated in Italy, and oil refineries in Italy, Switzerland and Germany.
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