VOL. XXXV

NO. 28

13-APRIL-1992

Libya

Oilinvest Buys Majority Interest in German Distribution Company

Libya's Oilinvest, the country's foreign oil investment company, has acquireda 60% interest in Hamburg Eggert Mineraloelhands GmbH (HEM), a Germandistribution company with approximately 400 service stations. Oilinvest's 60%equity interest was purchased from Marimpex, which still holds 20%, with theremaining 20% share held by Mr. Joerg Eggert, HEM's managing director. HEM issupplied with petroleum...