Middle East Economic Survey


No 49



Libya May Sell Entire Stake In Tamoil

Libya is offering to sell more than 60% of its stake in Tamoil and may hand over its entire stake (which is 45% of the company) if it receives a good price, according to Libyan Prime Minister Shukri Ghanem. In November, Libya was considering two main options as part of its plans to sell stakes in the Italian-based refiner: an auction, to be run by BNP Paribas, of either a 100% or 60% stake (...