The Libya Africa Investment Portfolio (LAIP) announced today that its Ola Energy petrol stations subsidiary, one of its largest subsidiaries, inaugurated on Thursday, 6 May, two new fuel stations in Tunisia. The petrol stations are located on the Sfax motorway inthe Aqrab area at the 252 km point.
LAIP revealed that each of the petrol stations was built on an area of more than 20,000 square meters to provide all the necessary services for road users.
The opening of the two Aqrab stations, LAIP said, is part of Ola Energy’s plan to expand its services, with four additional stations in Tunisia under construction.
It will be recalled that LAIP had rebranded its ”Oil Libya” petrol stations to ”Ola Energy” petrol stations. LAIP announced that Ola Energy had achieved ‘‘record profits in 2023’’. It said its Ola Energy subsidiary is ‘‘Africa’s leading energy retailer’’.
Ola Energy says it has over 1,300 service stations across 17 African countries, over 60 fuel terminals, with presence in over 50 Airports across Africa, with 8 blending plants, and numerous fuel depots.
It will be recalled that LAIP was created under the Qaddafi regime. It is Libya’s sovereign investment fund that specialised in investments in Africa.
LAIP’s OLA Energy achieves ‘‘record profits’’ (libyaherald.com)
Libyan-Turkish-American agreement to build bitumen factory in Libya (libyaherald.com)
