OLA Energy
Libyan petroleum retail brand
From Wikipedia, the free encyclopedia
OLA Energy is the brand name used by the African affiliates owned by OLA Energy Holdings Ltd (formerly Libya Oil Holdings Ltd). The brand name replaced the company's previous brand name, OiLibya, in 2018.
| |
| Industry | Oil and Gas |
|---|---|
| Predecessor | Oilibya |
| Founded | November 2018  |
| Headquarters | , |
Area served | Africa |
| Parent | Libyan African Portfolio |
| Website | https://olaenergy.com/ |
OLA Energy has over 3000 branches in 17 countries across Africa, including Egypt, Senegal, Ivory Coast, Cameroon, Gabon, Kenya, Mali, Burkina Faso, Niger, Chad, Eritrea, Uganda, Réunion, Morocco, Tunisia, Ethiopia, and Sudan.[1]
Services and products
Expansion
Between 2000 and 2004: Decision to incorporate 4 subsidiaries in Chad, Niger, Mali, and Burkina Faso.
Then between 2004 and 2008, acquisition of 5 Shell affiliates in Niger, Chad, Djibouti, Ethiopia and Sudan and 9 ExxonMobil affiliates in Niger, Senegal, Cote d’Ivoire, Gabon, Cameroon, Kenya, Reunion, Tunisia and Morocco.
Subsidiaries and affiliates of OLA Energy
OLA Energy has 18 subsidiaries[10]
- Main consolidated subsidiaries
First Libyan Civil War
In February 2011, some African countries began to express concerns as to how the First Libyan Civil War might affect OiLibya and its outlets across the region. Of particular concern were the huge debts racked up by Libya's key enterprises.[11][12]
