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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Performance

OiLibya begins pumping oil in Ethiopia

Posted on 12 December 2008

From Bi-me.com: Managed by the Libyan Investment Authority, a sovereign wealth fund that manages Libya’s assets in other countries, including Libya Oil Holding and Tamoil, which owns three refineries in Europe and more than 3,000 filling stations on the continent, the North African giant has now expanded its business to Ethiopia.

Following the agreement it signed with Shell Ethiopia in July, the company has discussed its future business with Girma Birru, Minister of Trade and Industry (MoTI), Alemayehu Tegenu, Minister of Mines and Energy, and Yigzaw Mekonnen, General Manager of the Ethiopian Petroleum Enterprise (EPE)….. Full Article: Source


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