Algeria's Energy Future was launched at a half-day round-table seminar at Chatham House, London, on Wednesday 6 April.
The report was presented at the seminar by its lead authors, Jon Marks and John Hamilton, and critically assessed by Algerian and international experts. Read more
The African Energy Atlas has established itself as an indispensable resource for energy industry professionals.
The 2011 edition features more than 45 maps and charts drawn with expert care by journalist cartographer David Burles. Read more
Briefings and Reports 2
AfricaHardball is an executive dialogue that brings together policy-makers, industry leaders and analysts to discuss the key political issues affecting African markets in frank and open terms.
The next AfricaHardball roundtable will be held on 1 December in London, focusing on North Africa Read more
Briefings and Reports 3
A detailed and frank analysis of Libya’s energy sector
Published in July 2010, Libya's Energy Future provides authoritative, independently sourced analysis of Libya’s energy sector policy and history, examines the country’s governance and financial record and assesses the potential for international partners to do business with its institutions and interest groups.
Oilinvest Group’s new chief executive Isam Zanati has sought to dampen speculation that the state-owned group is looking for a new strategic investor for Tamoil. A number of reports have raised this possibility since the collapse in March of negotiations with Los Angeles-based private equity group Colony Capital, which had provisionally agreed to buy Tamoil for $6.3bn in June 2007 (AE 116/18).
“There has been a degree of speculation in the media over the last few weeks regarding the future of Oilinvest and the Tamoil brand. As the newly appointed CEO of Oilinvest, I wish to make clear that I consider Tamoil to be the crown jewel of Libya’s overseas downstream investments,” said Zanati. “We may or may not align with a strategic partnership in the future. However this would only be an option if significant mutually beneficial commercial strategies could be realised.”
Zanati’s remarks contradict comments by National Oil Corporation chairman Shukri Ghanem, who told Bloomberg in April that the Libyan Investment Authority (LIA) was “in talks with possible partners”. The LIA’s takeover of Oilinvest and Tamoil was confirmed in February.
Tamoil is one of the largest refining and petroleum distribution companies in Europe, owning three refineries in Italy, Switzerland and Germany and more than 3,000 service stations in these countries and also in Spain. Most of its retail outlets are in Italy, where it claims to have 10% of the market. Libya bought Tamoil in 1988 to secure its downstream distribution network, during a period of low oil prices.
Tamoil may need restructuring before it can be sold. Bloomberg said the sale to Colony had failed because the US private equity group “had not been given complete data on Tamoil’s assets, liabilities and taxes.” Zanati, though, appeared to be focusing on internal management changes. “We are seeking to expand Tamoil’s presence in growing markets, and to better position the company as a leading oil and energy group in Europe. We are currently in the process of re-structuring the management to achieve these goals,” he said.
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