No Result
View All Result
Monday, July 14, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Libya-Tunisia oil deal moves ahead

byMichel Cousins
April 15, 2013
Reading Time: 2 mins read
A A

By Hadi Fornaji.

Tripoli, 14 April 2013:

Moves to supply Tunisia with Libyan crude oil as well as oil products have taken a . . .[restrict]further step forward with agreement on Friday to set up a joint committee to oversee the plans. Approval was given by Oil and Gas Minister Abdulbari Arusi and Tunisian Minister of Industry Mehdi Juma at a meeting in Tunisia.

A deal to supply Tunisia with cheap Libyan oil was agreed last May.

There was also a deal on Friday on a joint committee to oversee electricity supplies between the two countries.

RELATED POSTS

Zawia Oil Refining Company prepares to establish 100-million litre industrial oils plant in Benghazi‎

Libya, Algeria and Tunisia agree on further cooperation on land transport

The ministers also reviewed the Skhira refinery project and the possibility of joint projects exploiting border region hydrocarbon reserves.

The $2-billion Skhira project was first awarded to Qatar Petroleum in 2007. The plan was to build a 120,000-barrel-a-day refinery at the Gulf of Gabes town, site of the pipeline terminal connected to Tunisian and Algerian oilfields. The project was then shelved because changing fuel prices made it uneconomic.  However in late 2010, the Qaddafi regime’s prime minister, Al-Baghdadi Al-Mahmoudi  announced Libya would take it over and provide Libyan oil as feedstock.  This plan was then derailed by the revolutions in both countries. But last year the Qatari government announced that it was rejoining and reviving the project. However, it said that that costs had escalated and a second partner was needed.

The refinery is to produce petrol and diesel as well as petroleum coke, bitumen and gasoil for domestic consumption as well as exports. It is envisaged that the capacity of the complex will eventually rise to 250,000 b/d and that most of the feedstock will come from Libya.

The Tunisian Minister stressed on Friday that Tunisia wanted to speed up the Skhira project and that a formal agreement committing Libya to provide his country with oil should be signed.

However, Arusi pointed out that while Libya would continue to support projects already agreed between the two countries, the Libyan oil industry was being restructured and a larger role for the private sector in major projects was now expected.

Last December, Canadian energy company Sonde has announced that it has reached an agreement with the Joint Oil Company, equally owned by Libya and Tunisia, to enter a second phase of exploration under the Exploration and Production Sharing Agreement in the Gulf of Gabes. [/restrict]

Tags: LibyaoilTunisia

Related Posts

Libya to invest $140 billion in projects over the next decade
Business

Tripoli based Libyan government plans to complete 150,000 housing units by 2030

July 14, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

China to resume implementation of its stalled railways projects in Libya

July 14, 2025
Libya and Shell discuss several areas of cooperation
Business

Libya and Nigeria discuss gas projects, extension of export pipelines to Europe and high-level delegation visit to Tripoli

July 14, 2025
LAIP’s Ola Energy opens two new petrol stations in Tunisia
Business

LAIP’s OLA Energy reports sustained financial growth for 2024

July 14, 2025
CBL receives results from meetings with international banks
Business

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

July 11, 2025
Preparations for the second ‘‘Made in Libya’’ edition in Niamey, Niger progressing
Business

“Made in Libya” exhibition to be held in Benghazi from 10 to 13 August

July 11, 2025
Next Post

EU grants for Libyan CSOs

Impressive turnout for the third international women’s event

Impressive turnout for the third international women’s event

ADVERTISEMENT

Top Stories

  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Aldabaiba opens First Phase of Tripoli’s Third Ring Road

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Tripoli based Libyan government plans to complete 150,000 housing units by 2030

China to resume implementation of its stalled railways projects in Libya

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.