Tuesday, 9 November 2010
Libya to invest in Tunisia's Skhira refinery
Libya has said that it will help its neighbour Tunisia build a new oil refinery at the Skhira oil terminal, on the Tunisian coastline. The co-operation agreement was at the centre of discussions during Libya's Secretary of General People's Committee Mahmoud Al-Baghdadi visit with Tunisia's President Zine al-Abidine Ben Ali.
Al-Mahmoudi said that both parties had agree that Libya invest in the project and help build the refinery at Skhira, a Mediterranean port about 350km south-east of Tunis. No details about the co-operation agreement have yet been disclosed and it is unclear what role Libya would play in the project, or the size of its investment.
The Skhira refinery project was announced three years ago but it is yet to commence. The refinery is expected to have capacity of around 120,000 b/d. Tunisia has only one oil refinery, in the northern city of Bizerte, with a capacity of 30,000barrels b/d.
Source: Africa News
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