Libya Initiates Tajoura Oil Project
The Brega Oil Marketing Company has launched a project to establish an oil warehouse in Tajoura, in collaboration with OLA Energy, with the aim of increasing storage capacity and upgrading the infrastructure of Libya's fuel sector. The project, which is being implemented under a Build-Operate-Transfer (BOT) system, will have the capacity to store 226,300 cubic meters of various petroleum products, improve distribution efficiency, reduce transportation costs, and enhance the stability of local supplies, especially in western Libya. It is expected that upon completion, the project will contribute to strengthening storage and distribution capabilities and promoting stability within the Libyan oil market.
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