VOL. XXXV

NO. 6

11-NOVEMBER-1991

Libya

Oilinvest Expands Downstream Investments into Hungary and France

Libya's holding company Oilinvest has expanded its oil activities in Europewith investments in both Hungary and France. It has established Tamoil HungariaLtd., a joint venture capitalized at 100mn forints ($1.3mn), with Oilinvestholding 75% of the shares, and the Mineralimpex Hungarian Trading Company forOils and Mining Products holding 12.5% and its Austrian joint ventureMineralkontor the...