TotalEnergies’ Ethiopia Assets Acquired by Libyan Firm

published:02/07/2026 09:19 GMT

Libya’s OLA Energy Group, part of the Libya Africa Investment Portfolio, has signed an acquisition agreement with France’s TotalEnergies to acquire its assets in Ethiopia, in a move that strengthens Libya’s investment presence across African markets and expands the group’s footprint in the continent’s fuel distribution sector. The signing ceremony took place in Paris in the presence of the Minister of Oil and Gas in the Government of National Unity, Khalifa Abdulsadiq, Libya’s Chargé...More