The Tripoli based Libyan government announced today that the High Court of Mauritius has lifted the sanctions imposed by the Financial Intelligence Unit (FIU) on Ola Energy, formerly known as Oil Libya.
Ola Energy is one of Africa’s leading petroleum products distributors and marketers, operating in more than 17 countries on the African continent and operating an extensive network of petrol stations and services.
The company, a subsidiary of the Libya Africa Investment Portfolio (LAIP), changed its name from Oil Libya to Ola Energy in 2018 as part of a plan to modernise its presence in regional markets.
LAIP’s Ola Energy opens two new petrol stations in Tunisia
LAIP’s OLA Energy achieves ‘‘record profits’’ (libyaherald.com)
LAIP concludes Mozambique visit with agreement to restart its stalled rice project
LAIP delegation visits Maputo, Mozambique to recover seized rice project
