Ola Energy is the brand name used by affiliates owned by Libya Oil Holdings, previously known as Tamoil Africa. Ola Energy operates over 3,000 branches in 17 countries across Africa, including Egypt, Senegal, Ivory Coast, Cameroon, Gabon, Kenya, Mali, Burkina Faso, Niger, Chad, Eritrea, Uganda, Nigeria, Mauritius, Réunion, Morocco, Tunisia, Ethiopia, and Sudan.
Services and Products
Ola Energy offers a diverse range of services and products, including:
- Fuels
- Lubricants
- LPG (Liquefied Petroleum Gas)
- Industrial & Wholesale
- Supply & Trading
- Retail
- Aviation Fuel
- Marine Fuel
Expansion and Oil Exploration
In 2008, OiLibya expanded its footprint in the Ethiopian market by acquiring 100% of Shell’s Ethiopia and Djibouti petroleum retail business. The financial details of this acquisition were not disclosed. Additionally, OiLibya has acquired numerous other retail petroleum dealers across Africa, including taking over ExxonMobil’s business in Kenya. This expansion aligns with Shell’s global strategy to focus on oil exploration and exit the retail business.
Subsidiaries and Affiliates
OiLibya has 18 consolidated subsidiaries across various African countries, including:
- Burkina Faso
- Cameroon
- Chad
- Egypt
- Eritrea
- Ethiopia
- Gabon
- Kenya
- Mali
- Morocco
- Niger
- Réunion
- Senegal
- Sudan
- Tunisia
- Uganda
Impact of the 2011 Libyan Civil War
In February 2011, concerns arose regarding how the 2011 Libyan civil war might affect OiLibya and its operations across Africa. The primary concern was the significant debts accumulated by Libya’s key enterprises, potentially impacting OiLibya’s financial stability and operations in the region.
