OiLibya : new big investment in Morocco

Ibrahim Bugaighis, CEO of Libya Oil Holding Ltd. Photo : RR

Casablanca, Morocco (ADV) – While it is about to put into service its factory dedicated to the production of lubricants (LOBP) in Casablanca, which required an investment amounts to about 100 million dirhams, the OiLibya group is working on a new big project in Morocco.

It is a storage depot in Jorf Lasfar with a capacity of 115,000 m3. The project is in the final stages of preparation, and construction will start in early 2019 for commissioning by mid-2020.

OiLibya has unveiled its new name and new visual identity “OLA Energy”. For the group’s management, the new brand (OLA Energy) symbolizes a new positioning for the oil group in Africa where it is present in 17 countries.

The new visual identity will be gradually rolled out at the 1200 service stations available to the group across the continent. Pilot stations will be deployed across eight network countries, including Morocco.

“We are in the final phase of preparing this project. We plan to start the construction in early 2019 for commencing around mid-2020, “said Ibrahim Bugaighis, CEO of Libya Oil Holding Ltd, the company that owns the Oilibya Group.

According to him, the group is in talks for other investments in storage. Meanwhile, Libya Oil Morocco, the Moroccan subsidiary of the group, is preparing to put into operation its factory dedicated to the production of lubricants (LOBP) in Casablanca.

This site has been renovated and expanded. “The project is in its final phase. Production is expected before the end of the year. The investment amounts to about 10 million $,. According to him, this site will supply not only the Moroccan market, but also several subsidiaries of the group in West Africa.

© Bur-csa – Oumaima Mourtada / A.H – African Daily Voice (ADV)