VOL. XXXIV

NO. 21

25-FEBRUARY-1991

Libya

Oilinvest Acquires Majority Share in Hamburg Refinery

Libya's holding company Oilinvest has acquired a majority share of 66.33% inthe 80,000 b/d Holborn Europa refinery in Hamburg which it jointly owns withCoastal Corporation, MEES learns. It is understood that Oilinvest exercised itsright to accelerate the conversion of shares from Coastal to its favor insteadof waiting for the normal process of acquisition which would have taken two moreyears. The...