The group invests as a partner in companies engaged in oil and gas exploration and production.
Our group is currently engaged directly or indirectly in exploration and production in 5 countries: Gabon, Morocco, Tunisia, Egypt, and Oman. In 3 of these countries production of oil and gas has reached an advanced stage. Libya Oil is also involved in the following upstream activities
- Joint Oil (50/50 JV with Tunisian state company ETAP)
The company is carrying out oil exploration on the continental shelf at the border between the coastal waters of Libya and Tunisia, through a sub-concession with an international oil company. It has struck oil in the Zarrat field in 2013. Work is on-going on exploration of other fields and a development plan. Commercial production is expected in 2017-2018.
- All-Africa Investment Corporation - AIC (50% participation equally split between TAHL and LAIP)
OiLibya holds of 25% (and its shareholder LAP Mauritius another 25%) in this JV, which has oil producing assets in Gabon.
LOHL holds about 18% of the shares of this company which is traded on the London Stock Exchange Alternative Investment Market (AIM), and which has oil and gas exploration and production activities in Egypt, Tunisia, Morocco and Oman.
- Altube (50/50 JV with Egyptian state owned group EGPC)
The The company owning a petroleum products pipeline and terminal in Egypt with a take-or-pay contract with the Egyptian General Petroleum Corporation.
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