Middle East Economic Survey

VOL. XLVIII

No 19

9-May-2005

libya

Libya Considering Sale Of Tamoil Shares

Libya is looking to sell 50-60% of Tamoil, its state-owned international oil refining and product distribution company, according to Londons Financial Times. The daily on 30 April quoted Sa'di al-Qadhafi, son of Libyan leader Mu'ammar al-Qadhadi, and Tamoils representative in Italy, as saying negotiations with some Italian companies were already under way. Mr Qadhafi put the value of the company...