VOL. XXXVI

NO. 18

1-FEBRUARY-1993

LIBYA

Oilinvest Acquires New Downstream Ventures in Europe

Libya's Oilinvest has purchased the 80% interest held by the trading firmMarimpex in Hamburg Eggert Mineraloelhandels (HEM), the German independentservice station and product distribution chain. According to Mr. Joerg Eggert,HEM's managing director and owner of the remaining 20% share, around half of thecompany's 400 station outlets will carry Libya's Tamoil name and markings, andthat the firm's future...