Libya Seeking Investors For Tamoil

April 2008 | Corporate Financing News Alert

The head of Libya's National Oil Corporation Shokri Ghanem has stated that Tamoil, the state's oil refining and marketing arm, is looking for strategic investors. The comments, made while Ghanem was attending the International Energy Forum in Rome, come after the sale of a 65% stake in Tamoil to US investment firm Colony Capital failed in March. It was thought the deal was cancelled due to a lack of disclosure of Tamoil's company information. Colony Capital had bid US$6.3bn for

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