Middle East Economic Survey


No 33



Libyas International Downstream Expansion Thwarted By Essar

Tamoils bid for a 50% stake in the Mombasa refinery in Kenya, which formed a key part of Libyas plan to expand its international downstream presence, has been thwarted by rival Indian oil company Essar. The state-owned Libyan company was hoping to buy the 80,000 b/d refinery after signing an MOU with the Kenyan government in June 2007, in which it agreed to supply Kenya with oil...