Tamoil Expands Assets in Italy
Tamoil Italia, the Libyan-owned downstream oil refining and distributioncompany, last month acquired 304 service stations from Cameli Petroli'ssubsidiary Italiana Distribuzione (Idis). The deal, worth IL75bn ($50mn), coversstations mostly in northern Italy, particularly in the Po valley, near Tamoil'srefinery at Cremona. In March 1992, Tamoil purchased 180 service stations fromCameli, mostly in southern Italy. Tamoil's network in...