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Libyan LOH to Buy 50 percent Shares of Kenya Petroleum Refineries Ltd.

Byline: The Tripoli Post

Summary: The Kenyan government has finally given Libya Oil Holdings Ltd (LOH) the go-ahead to purchase 50 per cent shares of Kenya Petroleum Refineries Ltd.

The Kenyan government has finally given Libya Oil Holdings Ltd (LOH) the go-ahead to purchase 50 per cent shares of Kenya Petroleum Refineries Ltd.

LOH will be purchasing shares hitherto owned by three European multinationals - Shell International Petroleum Ltd, BP Africa Ltd and Chevron Global Energy Inc. twist to a battle for control of the refinery that has pitted the Libyans against Indian conglomerate Essar Group.

The Indian competing company for the deal, Essar Group, will be accommodated by being offered shares in the company once LOH seal the deal with the three multinationals. (East African)

A[umlaut] 2008 - The Tripoli Post

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Publication:The Tripoli Post (Tripoli, Libya)
Date:Jul 6, 2008
Words:139
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