tamoil
“ tamoil' s activities in europe ”. tamoil, retrieved 18 october 2011 .
tamoil espana is a subsidiary of tamoil italia. it has headquarters located in barcelona, with all operations carried out in full coordination with tamoil italia management .
in 2016, the gross turnover of tamoil sa amounted to chf 1350 million .
at tamoil switzerland’s headquarters in geneva, stéphane trachsler, confirmed to urltoken in writing that the decision had been taken by tamoil sa and ratified by the shareholders .
the tamoil engine oils are available from all service station shops located in switzerland .
tamoil sa © 2018. all rights reserved. website designed & powered by sabina advertising
“ tamoil faces sanctions as holding company wound up ”. pennenergy, 01 april 2011 .
“ tamoil faces sanctions as holding company wound up ”. pennenergy, 1 april 2011 .
“ libya' s tamoil bought by us firm ”. bbc news, 6 june 2007 .
tamoil (switzerland) sa manages more than 260 service stations throughout the national territory of switzerland .
the oilinvest group engages in lubricant blending, marketing and trading through its tamoil affiliates, and in international trading of a wide variety of lubricants through its wholly - owned subsidiary, tamoil overseas ltd .
stronger logistics have also benefited tamoil italia’s wholesale activities, with a particular growth in the jet business .
“ libya cancels sale of tamoil to us firm ”. high beam research, 04 march 2008 .
tamoil overseas limited trades on world markets in crude oil, refined products and petrochemicals, and lubricants .
tamoil is in tune with its customers and endeavours to offer products along with the services that meet these expectations .
historically, libya' s international downstream operations have been carried out via two sister companies, known as tamoil europe and tamoil africa. the ultimate holding entity for tamoil europe was oilinvest (holdings), registered in the dutch caribbean territory of curaçao. oilinvest (netherlands) controls 8 direct subsidiaries registered in italy, switzerland, cyprus, britain, germany and monaco. a number of additional companies are held through an indirect dutch subsidiary, tamoil beheer .
“ libya' s tamoil says it' s not under eu sanctions ”. wall street journal, 24 march 2011 .
tamoil, which bought the plant in 1990, employs 238 people at the 50 - year - old refinery in canton valais .
tamoil italia is a large producer of lubricants and co - owner of a lubes plant based in italy tamoil lubricants are blended in this modern plant with three lines of production: automotive, industrial and greases. thanks to its technical know - how, the tamoil lubricant products are endorsed by official approvals from car, truck and powertrain makers (o. e. m .) .
shipping is essential to provide the continuous flow of supplies tamoil’s refinery needs to function efficiently, and to support its trading and supply activities and brokerage services to key commercial partners. tamoil’s strict chartering policy meets the most stringent safety and fitness legislation governing chartered tonnage .
however, despite exemption from official sanctions, many partners such as shell and bp halted supplies of fuel to tamoil service stations, resulting in the group bringing forward closure at its swiss refinery for planned maintenance. in addition, tamoil did not succeed in escaping the effect of sanctions in africa, where uganda announced in march that it would freeze tamoil east africa' s $ 375 million of assets in the country .
since its entry into the swiss market in 1990, tamoil (switzerland) sa has never ceased to strengthen its position and improve its competitiveness .
tamoil’s swiss branch is letting go a reported 272 workers at its refinery in the southwest of the country as a result of heavy financial losses .
switzerland’s best known oil refinery and the country' s extensive network of tamoil filling stations could be targeted by the next round of ...
tamoil is engaged in lubricant blending, marketing and trading. tamoil overseas limited is also involved in the international trading of a range of high tech mineral, synthetic and semi - synthetic oils, marketing to more than 20 european and far east countries through a network of partners and distributors .
tamoil has a large range of high quality lubricants for your cars, motorbikes, businesses, agricultural and forestry holdings as well as the industry .
tamoil italia is a large producer of lubricants and co - owner of a lubes plant based in italy. thanks to its technical know - how, the tamoil lubricant products are endorsed by official approvals from car, truck and powertrain makers (o. e. m .) such as: porsche, mercedes, audi - volkswagen, volvo - renault - mack, zf and voith. furthermore tamoil italia is not only operating at a national level, but is also in charge of developing the lubes business in europe. tamoil overseas limited leads the international trading in the rest of the world .
libyan - owned tamoil' s has announced plans to suspend operations at its refinery in south - western switzerland as a result of heavy financial losses .
tamoil' s swiss branch has announced plans to suspend operations at its refinery in the south west of the country as a result of heavy financial losses .
in the past tamoil has been at the centre of a controversy to clean - up the plant and was threatened with an operations ban over environmental pollution .
tamoil companies offer a comprehensive range of high tech mineral, semi - synthetic and synthetic oils for automotive and industrial applications, covering the needs of a wide variety of end markets. in - house product development guarantees the continuous update of tamoil lubricants in accordance with the latest and most stringent original equipment manufacturers’ standards .
lebanese - american financier roger tamraz, the founder of tamoil, says he would consider buying back the collombey refinery in switzerland with a view to reopening it .
for lorries, some of our tamoil service stations are equipped with high volume pumps, which allows them to achieve a flow capacity of 130 litres per minute .
with roots dating back as far as 1945, tamoil sa has a 70 - year history of operation within the petroleum refining and retail sector. the company is part of the oilinvest group that currently manages its tamoil and hem brands throughout italy, germany, switzerland, spain and the netherlands from its headquarters in the netherlands. today tamoil sa represents one of the leading oil companies operating within the swiss market, with a total level of sales of approximately 1. 2. million tonnes annually .
tamoil espana takes a proactive stance in the market, and the company continually monitors developments, with a view to expanding the network if and when appropriate opportunities arise .
the ministry said issam zanati, who heads tamoil and its oilinvest holding company, met natural resources minister yuri trutnev to discuss the group’s plans to invest in russia .
tamoil has three partnerships for the management of the service station shops: they have been selected according to their expertise and the recognised qualities in the world of mass distribution .
“tamoil is continuing to explore all the possible options in order to make a final decision about the refinery. selling is one of these options, ” wrote the company spokesman .
tamoil lubricants are blended and packed in a modern, highly automated, iso 9000 certified plant located in northern italy, with dedicated production lines for both automotive and industrial product families .
oilinvest controls 95 percent of tamoil, which owns more than 3, 000 service stations in europe, concentrated in italy, and oil refineries in italy, switzerland, spain and germany .
tamoil is the commercial name of the company, oilinvest, which is based in the netherlands and is active in oil and maritime transport. in addition to refineries, tamoil owns more than 3, 000 service stations in europe. its turnover is estimated at almost $ 20 billion (chf19 billion), although the group does not publish figures. in turn, oilinvest belongs to the
moscow (reuters) - tamoil, libya’s european oil refiner and distributor, is interested in acquiring oil licenses and refineries in russia, the russian natural resources ministry said in a statement on tuesday .
its products are sold through tamoil’s own retailing operations, and marketed to third parties in more than 20 countries throughout europe, africa and the middle east, through a network of partners and distributors .
moscow, nov 11 (reuters) - tamoil, libya’s european oil refiner and distributor, is interested in acquiring oil licences and refineries in russia, the russian natural resources ministry said in a statement on tuesday .
tamoil (switzerland) sa is a limited company, which forms part of the oilinvest (netherlands) b. v. group. its commercial activities are centred around the sale and distribution of petroleum products in switzerland .
despite tuesday’s announcement, tamoil says it plans to continue its presence in switzerland in the retail and wholesale sectors, where it currently has a network of 300 service stations, selling 2. 3 million tonnes of petroleum products .
tamoil overseas limited also has an independent research & analysis department offering the benefits of its 20 years' experience in the global oil and gas industry, providing data, research, solutions and training to clients and partners alike .
the valais government, meanwhile, criticised tamoil’s decision. the head of the valais cantonal government jean - michel cina said he had asked the firm to study all possible options including a five - year deadline to decide the plant’s future .
such activity meets both the requirements of the group’s holborn refinery in germany (its cremona and collombey refineries having been converted into strategic depots) and its trading activities. tamoil’s crude oil once came almost entirely from libya, supplemented as required from other regions. diversification by region and grade has helped it become an important player in international markets. trading in a variety of grades has also enabled tamoil to optimise its refinery runs and to meet continually changing product quality specifications .
in 2007 tamoil was on the verge of being bought out by us private equity firm colony capital in a deal valued at $ 5. 4 billion. the libyan government would have maintained a 35 percent stake in the company. [ 5 ] however in march 2008 then head of the lia mohammed layas announced that the deal had been cancelled and that the libyan government had signed a deal transferring ownership of tamoil holding company oilinvest to the recently founded lia. [ 6 ]
although crude oil dominates tamoil overseas ltd’s business, the company is also active in products trading, both selling products like gasoil and jet fuel originating from libya to external markets such as tunisia and morocco, and supplying libya with imported mogas .
the tamoil group is a downstream oil company formerly controlled by its libyan - owned holding company oilinvest, until the latter was wound up in march 2011 following the uprising in libya, theoretically leaving the company without an ultimate owner. [ 1 ]
in the wake of civil unrest in libya in 2011, the tamoil group was told it was not covered by eu sanctions imposed against the libyan nation and could operate independently despite the measures, due to its complex ownership structure. [ 7 ]
oilinvest controls 95 percent of tamoil, which owns more than 3, 000 service stations in europe, concentrated in italy, and oil refineries in italy, switzerland, spain and germany. (reporting by robin paxton; editing by james jukwey )
between 1992 and 2008, tamoil sa built up a network of affiliates, acquiring 16 local jobbers to enable sales – mostly of heating oil - to end consumers. from 2009 onward, the network was streamlined and consolidated into five wholly owned subsidiaries .
although the interruption of refining operations and the change of focus to supply and retail have occurred in rapid succession, the transition has been both smooth and successful for tamoil sa. this is partly because of the company’s strong infrastructure around the collombey refinery and throughout switzerland .
swiss holding of the oilinvest group, its share capital amounts to chf 35. 05 million. as for its operating company, tamoil sa, it has a share capital of chf 90 million. the company coordinates all logistics, commercial and financial activities of all finished products .
the bulk of tamoil overseas limited’s crude oil supply and trading takes place between producers and suppliers in north africa (libya / algeria / egypt), west africa (nigeria), the north sea (norway / great britain / denmark), russia, kazakhstan and azerbaijan .
oilinvest, based in the netherlands, is unique in the fleet of libyan state - owned entities. known as tamoil to oil traders and drivers refuelling at the group' s petrol stations, it was cobbled together in the 1980s from the italian assets of the american oil majors amoco and texaco .
“if you dig into the ownership structure of tamoil, you think you are in a john le carré novel, ” said philippe nantermod, a valais politician who has fought to limit the fallout of refinery closure. even the local mayor of collombey - muraz, yannick buttet, is not sure .
“since 2000 we invested more than chf700 million ($ 685 million) to raise the refinery’s competitiveness and improve its economic and environmental performance. in spite of our efforts, we consider the continuation of refining operations at collombey to be unsustainable at this time, ” declared tamoil managing director nuri rifaat .
originally the oilinvest group focused on leveraging its libyan origins, building a bridge between libya’s oil reserves and leading european energy markets. tamoil’s crude oil once came almost entirely from libya, supplemented as required from other regions. diversification by region and grade has helped it become an important player in international markets .
netoil founded and built europe’s tamoil corporation by purchasing and combining all of the italian assets of amoco (standard oil company of indiana) and of texaco corporation (1, 000 service stations each), starting in the 1980s. with 100% ownership, netoil expanded the company to 3, 000 service stations, three refineries, an extensive pipeline distribution system and a refining capacity of 255, 000 barrels of oil per day. tamoil today has annual sales of $ 20 billion and a market capitalization of $ 6. 3 billion. the company operates in germany, the netherlands, switzerland, italy and spain .
the shops in our tamoil stations offer a range of products that are adapted to the needs of modern and mobile consumers. they consist of a wide selection of food and non - food products. our 108 shops are open 7 days a week and they are ready to welcome you beyond the regular shop opening hours .
the oilinvest group is a major player in the european downstream oil industry. playing a vital role at every stage of the value chain, our two main brands tamoil and hem employ around 1000 people, sell in excess of 10 million tons of fuel products every year and generate an annual net turnover of over €5 billion .
significantly, in late march 2011 the holding company oilinvest was wound up, severing connections between the lia and tamoil. it therefore became unclear the influence the libyan government now held over the company. [ 8 ] a further setback came in september 2011, when the contract for the construction of the african eldoret kampala pipeline was cancelled. the kenyan and ugandan governments cited that they had lost confidence in the firm' s ability to carry out operations after the fall of gaddafi' s regime, which had pledged to finance over 70 percent of the costs. [ 9 ] the exact nature of the ownership of tamoil remained unresolved as of october 2011 .
over the coming months tamoil sa will focus on further developing retail and expanding its client base through its network of affiliates. furthermore the company will seek to increase its investments into new products to increase its service offering. “switzerland is now progressively shifting to bio fuels even if the country has very stringent regulations in relation to this product, ” concludes marketing director, jürg hornisberger. “on the bio diesel side there are now more possibilities to get access to swiss certified bio fuels. one of the targets and strategies for tamoil is to develop the sale of bio diesel out of all its tank farms. this will be mainly developed over the next year. ”
tamoil sa is one of switzerland’s leading oil companies, with annual sales of around 1. 1 million tonnes and a turnover of 1. 3 billion chf. until recently, it ran one of switzerland’s two refineries, at collombey, but decided in march 2015 to suspend operations, as current conditions made the continuation of operations unsustainable .
in 1990, when tamoil took over of the swiss network of service stations, the “shop concept” was still in its infancy just like in the neighbouring countries. at that time, the majority of the sales outlets were owned by garages and adjoining shops that focussed on the sale of vehicle accessories. since then, the world of service stations has undergone a dramatic change .
when your adblue® signal flashes and beeps for the first time on your driving screen, you only have 2400 km of autonomy left before the vehicle breaks down. although your first reaction will be to contact your dealer, we recommend you fill it up yourself at one of the tamoil service stations where you will find 5 or 10 litres cans in order to save costs and time .
the company’s sales within the swiss market are driven through three main channels comprised of: a national retail network of 266 service stations, a wholesale unit with annual volumes of two million tons and a heating oil business that serves more than 70, 000 end customers. within the heating oil market in particular, tamoil sa works with several affiliate companies to ensure the smooth and efficient distribution of its refined products. “the operations that we refer to as affiliates are companies that belong 100 per cent to the tamoil swiss organisation. these affiliates are heavily focused on the end customers sales business for all products but mainly heating oil, ” explains stéphane trachsler, acting general manager for tamoil sa. “the basic scope of these companies is to deliver the heating oil to the client’s home where it will be stored and burnt for heating. this is relatively unique to switzerland, where heating oil still plays a very important role in heating homes whereas in other countries it has almost disappeared because natural gas or other heating systems are used instead. at the same time the affiliates also sell gasoline and diesel to larger end consumers that have their own tanks and pumps to refill their trucks and cars. ”
in retail, the company operates a network of 257 service stations, 107 of which have convenience stores; overall, tamoil sa has a 6. 2% share of the swiss market. in a climate of aggressive price competition and negative market growth, the company has been focusing on developing incentives to protect market share, and improvements in its convenience store operation, to boost earnings from non - fuel sales .
resellers and final users are supported by a skilled and experienced team that provides technical service through visits, lab analyses, training activities and technical documentation. the quality of tamoil lubricants is widely recognised, and endorsed by official approvals from car, truck and powertrain makers (o. e. m .) such as: porsche, mercedes, audi - volkswagen, volvo - renault - mack, zf and voith .
tamoil’s trading activities have been extended into a diversified portfolio of products such as petrochemicals and olefins (pygas, methanol, crude c4, propylene, polyethylene, sulphur and urea), products it now supplies direct to end - consumers in europe, the usa, the middle east and asia. the company is also active in fuel oil and naphtha, and is looking into other markets such as bio diesel and lng .
the oilinvest group is a major player in the european downstream oil industry. playing a vital role at every stage of the value chain, our two main brands tamoil and hem employ around 1000 people, sell in excess of 10 million tons of fuel products every year and generate an annual gross turnover of € 12. 7 billion. wholly owned by the libyan state, its head office is at the hague in the netherlands .
tamoil italia s. p. a began in 1986, when a private investor acquired amoco’s entire italian operation, consisting of a refinery in cremona and a network of service stations. in 1988, it was acquired by the oilinvest group. the company’s recent history has seen two major moves, driven by developments in the industry and pressures in the wider economy: the closure of cremona refinery, and a refocusing of the company’s strategy toward logistics and retailing .
tamoil is the brand name of the libyan - backed oilinvest b. v. which was established by the libyan state to invest in downstream assets in europe. within the three years following its creation in 1988, the group built a portfolio of activities through the acquisition of various refining and marketing assets across europe. its business has evolved around three major national hubs and each of these operates in a semi - autonomous manner and all have developed their own strategies
libya' s acquisition of the tamoil brand in 1988 formed part of a pattern of national oil companies buying refining and marketing assets in developed markets to serve as an outlet for their crude oil production. oilinvest originally functioned as a front for the libyan government, with the national oil corporation (noc) holding a 70 percent stake alongside the libyan arab external bank (15 %) and the libyan investment authority (lia), with 15% . [ 4 ]
today, of the 260 tamoil service stations in switzerland, 108 of them have a shop or a grocer’s shop on the motorway network. in doing so, the reception of clients is of utmost importance and we endeavour to develop a warm atmosphere, good quality services as well as innovative commercial promotional campaigns irrespective of where we are located. furthermore, the management of a service station is now a particularly complex activity, which requires the supervisors to have some experience in the retail trade .
the oilinvest group dates back to 1988, and the consolidation of various european energy investments that had been made by the libyan state. the tamoil brand was launched with the acquisition of an italian refinery and retail network, and grown swiftly through expansion in italy and extension to switzerland in 1990, germany in 1991, spain in 1992 and the netherlands in 1993. a foothold in egypt in 1993 was followed by expansion into numerous african countries, before the entire african business was sold to another libyan company .
the decision to transform cremona into a modern logistics hub reflected the new reality: that it’s now competitive supply and storage logistics that determine market ranking and performance. after a round of vigorous cost - cutting, tamoil purchased 24% of continentale, representing 14. 4% of sigemi - three tank farms connected by about 150km of pipelines, enabling a secure and modern logistics hub in the heart of italy’s industrial heartland - the po valley. this new capability helped in the negotiation of a number of long term supply contracts .
the group is present in several european countries and in all parts of the downstream oil industry, including: the supply and trading of crude oil and refined products; shipping; refining of crude oil; storage and distribution; marketing and retailing; lubricants; and bunkering. they operate refineries in italy (cremona), and switzerland (collombey). [ 2 ] in 2007, tamoil owned more than 3, 000 service stations in europe, mainly located in italy, as well as oil refineries in italy, switzerland, spain and germany. [ 3 ]
in a strategy consistent with the wider oilinvest group, tamoil sa plans to continue to increase its presence within the retail and wholesale sectors of the swiss market, where it currently has a network of 266 service stations, a sales volume of 1. 2 million tons of petroleum products, a fully owned network of regional distributors, 12 tank farms and a total storage capacity of 1. 3 million m3. the company remains fully committed to its workforce and to serving its clients, partners and its other stakeholders in order to maintain a strong and vibrant presence in switzerland .
after acquiring the refinery during 1990, tamoil sa carried out major developments to its technical infrastructure and introduced modern production techniques. by 2004 the construction of the refinery’s total residue conversion units was completed in a project that also included a catalytic cracking unit that converts residues into high value light products. the facility boasts some 90 storage tanks with a total combined capacity of 795, 000 cubic metres for crude oil and products. the collombey refinery is one of only two refineries in switzerland and the only domestic refiner with its own branded retail network. the refinery is able to account for as much as 20 per cent of the total products inland sales in switzerland and has played a key role in the country’s oil sector .
“we have had the chance to develop very strong logistic assets all over switzerland. tamoil sa has access to pipeline infrastructure as well the tank farm in geneva. within the western part of the country we also have the use of several tank farms. we have obviously a strong position around the refinery, because there is no other logistics infrastructure in the area except our own, ” stéphane trachsler says. “in the german speaking part of the country we have tank farms in bern, basel, zurich and eastern switzerland and these logistics allow us to import easily product from various sources of supply. product is brought in either by pipeline or by barge on the river rhine to basel or directly by train arriving from germany or other regions via train directly to our inland tank farms. these strong logistic assets allow us to be competitive in all regions of switzerland. ”
oilinvest, a european refiner majority - owned by libya' s national oil corporation, has long fought a battle on two fronts: battling falling margins and political revolution .
oilinvest, a european refiner majority - owned by libya' s national oil corporation, has fought a battle on two fronts .
refineries have struggled in recent years to stay afloat on falling margins, particularly in europe. add to that a political revolution at home that led to a near shutdown of the industry supplying most of oilinvest' s feedstock and raised the threat of sanctions .
one year later, the company has emerged intact and hopes to reinvent itself to start turning a profit, said fuad krekshi, the chairman of oilinvest .
we are reviewing our strategy and we' re going through a process of restructuring the group ,
said mr krekshi on the sidelines of a conference in dubai .
the aim now is to change this company into a profit - making organisation .
libyan authorities bought the newly created company and expanded it to include 3, 000 petrol stations and three refineries spanning germany, switzerland and italy, fuelling the growth with 250, 000 barrels per day of sweet crude from the national oil corporation .
but european refiners struggled after the 2008 oil price spike to compete with newer mega - refineries on the us gulf coast, india and the middle east. oilinvest shut down its italian refinery. when last year' s libyan uprising led western powers to target the gaddafi regime with sanctions and asset freezes, oilinvest created a foundation co - owned by the dutch government to shelter the company, said mr krekshi .
now the firm is back to its original structure of 70 per cent ownership by the national oil corporation and 30 per cent by other libyan government entities. it is evaluating how to cut costs and move away from refining to the more reliable retail sector .
the outlook in europe is improving but remains crowded, so oilinvest will concentrate an expansion in mediterranean africa, said mr krekshi .
europe was the most logical thing because of proximity, because of demand, because of trade relations ,
he said .
but today, competition in europe is quite diverse, so we are looking at various parts of the world. africa, the mediterranean region, is the most logical where it comes to proximity, so that' s what we' re focusing on .
the italian downstream market has been hallmarked by oversupply and inadequate demand for many years. the euro - crisis of 2011 brought things to a head. with demand at the pumps dropping significantly in those years, while pressure from low - cost producers in india and china increased, the decision was taken to cease refining at cremona, and re - orient the company to reflect the new competitive environment .
in retail, meanwhile, the company began rationalising its network, focusing attention and investment on improving large, owned, automated stations, while withdrawing from a number of smaller, unprofitable sites. various optimisation projects are in progress, to make these core stations among the best in the market: direct management, automation and micro - pricing, motorway optimisation, eni multicard acceptance and electronic coupon systems .
oilinvest (netherlands) b. v. wtc the hague prinses margrietplantsoen 92 2595 br the hague the netherlands telephone: + 31 70 205 9000
the group is now headquartered in the hague. through its portfolio of companies, the oilinvest group supplies, trades, refines and sells petroleum products in italy, germany, switzerland, spain and the netherlands, and has a trading operation based in cyprus .
historically oilinvest crude has been sourced primarily from the national oil corporation of libya. our affiliates now also trade and market crude and fuel products from suppliers and countries all around the world .
we thrive only through our business relationships. we work constantly to develop closer synergies between our affiliate companies, and to deliver a reliable, flexible and responsive service which offers clear benefits to our business partners .
we know that in a mature commodity industry, differentiation is hard to achieve: we place our trust in our people. by attracting the best, training them to optimise their capabilities, and helping them find the best possible place to capitalise on those capabilities, we maximise our productivity as an organisation, innovate more effectively, and ultimately deliver greater satisfaction to our customers .
and customer satisfaction is key. because it is only by delivering on our promises to customers wherever we operate that we can achieve the sustainable profitability that generates value to be put to the benefit of future generations .
the oilinvest group makes investments based on clearly defined commercial and strategic criteria. our goal is to achieve long - term growth, profitability and stability, through operational efficiencies, improved synergies, and careful and considered expansion of our geographical footprint and productive activities .
roger tamraz is an international banker and venture capital investor who has had an active international business career since the early 1960s .
mr. tamraz was born in cairo, egypt to lebanese parents, and grew up speaking fluent english, french and arabic .
his early schooling was at the prestigious english school in cairo. he subsequently attended the american university in cairo, a phd program at cambridge university, and the institut européen d’administration (insead) in fontainebleau, france. he concluded his education by earning an mba degree from harvard business school in 1966. his classmates at harvard included many future leaders in western and international governments and businesses .
mr. tamraz served for many years as a member of the board of trustees of the american university in cairo, where he endowed a number of named scholarships for egyptian students of exceptional promise. mr. tamraz was nominated as governor of the central bank in 1988 .
played a key role in negotiations for the withdrawal of occupying foreign forces during the 1980s .
in the early 1990s, after the soviet union loosened its grip on central asia, netoil – through one of its companies: oil capital ltd. (ocl) inc. – was the originator of the 1, 100 - mile baku - ceyhan pipeline project, which now moves one million barrels per day of caspian sea crude oil to the mediterranean sea and thus to world markets. netoil negotiated and signed the original pipeline right - of - way transit agreement with the government of turkey. this agreement was essential to the success of the project, which was eventually completed by bp after its purchase of amoco, with which netoil had been cooperating in the central asian area. during this period, netoil also acquired development rights and equity ownership positions in turkmenistan’s blocks i (offshore) and iii (onshore) two of that country’s major oil and gas producing properties. (block i was later farmed out to malaysia’s petronas .) these fields have reserves of 13 trillion cubic feet of gas and 700 million barrels of oil, with 1, 400 working wells, and currently produce two billion cubic feet per day of natural gas .
in the early 1980s, netoil became 100% owner of the meurice hotel group in paris, which owned the meurice, prince de galles and grand hotels, as well as the famed café de la paix. at the time, the 1, 000 rooms of these three hotels comprised 25% of all the luxury hotel rooms in paris. the properties were sold to grand metropolitan hotel corporation of london in the mid - 1980s .
intra investment company, one of the major sovereign wealth investment companies in the middle east, was created by netoil .
in 1976, netoil moved into united states financial markets with its acquisition of bank of the commonwealth, a billion - dollar michigan - based bank with 50 branches. mr. tamraz was the chairman. netoil strengthened and expanded the bank until 1983, when it was merged into the founding of comerica, inc. , now one of the largest super - regional u. s. bank holding companies. the merger made netoil the largest single shareholder in comerica, which currently has assets of $ 64 billion and a market capitalization of $ 5. 6 billion .
mea is lebanon’s national flag carrier, and has been flying since the 1950s. mr. tamraz was the vice - chairman of the airline for a number of years, with special responsibility for its finances, banking relationships and aircraft purchases .
in the 1970s, netoil conceived, financed and built the well - known 200 - mile long suez – mediterranean (sumed) pipeline in egypt, a pipeline designed to run parallel to the blocked suez canal, which had been closed since the 1967 arab - israeli war. using bechtel corporation as prime contractor, the pipeline, comprised of two parallel 42 - inch lines, was opened in 1978 with a capacity of 1. 6 million barrels per day. completion of an additional pumping station in 1994 increased capacity to its current 2. 5 million barrels per day .
netoil conceived and financed the itochu - mitsubishi heavy industries chemical methanol plant project, the largest in the world, in jubail, saudi arabia, during the 1973 oil crisis. it continued subsequently for many years as strategic consultants to itochu senior management, especially on middle east energy operations. the methanol project included a five - year, 100 million barrel preferential crude oil supply contract for japan that was signed with the saudi government during the 1973 oil crisis .
netoil acquired ownership of cnc, the second - largest shipyard in france, in the early 1970s. this company was one of the early pioneers in the construction of lng vessels for oceangoing natural gas transport, and also specialized in submarines, patrol boats and other military platforms. in addition, the yard constructed very large crude carriers (vlcc5) and conventional bulk cargo vessels for the civilian maritime industry .
netoil inc. is a private group of companies operating in trade and investment ventures worldwide with particular emphasis in the fields of energy and finance, had been in business internationally since the 1960s .
the current legal
netoil inc .
entity is an anguilla company formed on 4 september 2007 initially under the legal name of
middle east energy enterprises ltd .
, with an address for the purposes hereof at babrow’s commercial complex, po box 1341, the valley, anguilla, anguilla, ai - 2640. registration no. of the company is 2106992 .
dubai world trade center – sheikh zayed road – dubai, united arab emirates – p. o. box 9229
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oilinvest (netherlands) b. v. wtc the hague prinses margrietplantsoen 92 2595 br the hague the netherlands telephone: + 31 70 205 9000 website
the oilinvest group has distribution networks in germany, switzerland, italy, the netherlands and spain. some of its activities and sales outlets are also located on the african continent
new business model in switzerland based on the buying and selling of finished petroleum products .
responsibility, efficiency and profitability are the 3 pillars, which form the basis of our commitment and our operations in the petroleum industry .
our vision: generate a high performance standard and stay on pole position with the other actors of the swiss market .
throughout the last 15 years, our network of service stations has experienced a strong growth in switzerland. the sales have regularly increased as well as our market shares. today, the outcome achieved enables us to be one of the most important petroleum companies nationwide .
that’s why in switzerland, most of our sales outlets have a franchise agreement with major retail chains such as valora, restoshop and spar .
that it was stopping work at the site and letting go of 238 workers at the beginning of the year. hopes have not been high of saving the site .
“i am not exactly the red cross, nor i am really emotional about this company which even bears my name, but i simply believe, economically speaking, that this refinery could be profitable, ” said tamraz, speaking exclusively to urltoken on the phone from beijing, china, about his intentions about the refinery situated in the canton of valais, in the west of the country .
which produced 55, 000 barrels - per - day, is one of only two oil refineries in switzerland; the other is located at cressier, canton neuchâtel .
“i have taken the decision in the past 48 hours and i have just informed the valais authorities via my lawyer, ” the businessman said, in a change to his earlier stated intention not to buy the refinery or the 311 service stations which bear the logo .
“the important thing when running a refinery is to know how to buy your crude oil. if you buy it cheaply, you can’t lose. right at the moment the price is dropping and i can’t see it increasing anytime soon, ” tamraz explained, adding that he did not believe in the reason, financial losses, given for work stopping at the site, especially as for 25 years of its 30 year history, all had been going well .
, a sovereign fund created in 2006, worth currently almost $ 70 billion .
the problem is that since the fall of ex - libyan leader moammar gaddafi in 2011 no one knows for sure who controls the lia, as there are two rival governments at play .
since march offers can be made to the company concerning the site, but none have yet been accepted .
for tamraz it’s a question of responsibility. around 20% of all petroleum products consumed in switzerland arrive via pipelines passing from genoa along the rhône valley and end up collombey. there are thus no transport - related problems. like others in the region, tamraz says it is not good to lose this advantage .
canton valais on friday evening confirmed it had received the offer, according to the swiss news agency. it is not the only offer to buy, the two already put forward by the canton not having had any results .
the plan to stop work at the refinery was announced on january 13 this year due to financial considerations. a social plan for the employees was announced in may .
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the decision to interrupt refining operations at the 55, 000 barrel - per - day refinery was taken in the face of increasingly challenging market conditions and a renewed focus on the wholesale and retail sectors of the swiss market. in recent years the swiss refining market has suffered severe market pressures, in line with the difficulties experienced by the wider european refining industry. the pressures experienced by the refining industry in europe can be attributed to higher imports of refined petroleum products, rapidly declining fuel demand and increasing regulatory costs .
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libya is a country located in northern africa that borders the mediterranean sea. until the 1950s, it was regarded as another poor african state, but the discovery of oil greatly increased its wealth, turning it into one of the richest african countries and also increasing its significance in the eyes of western powers. emerging from the colonial era, libya struggled with independence and experienced almost two decades of fragile stability as the united kingdom of libya from 1951 - 1969. however, the september 1st revolution of 1969 saw colonel muammar gaddafi seize power in a bloodless coup d’état. gaddafi’s libya lasted over 40 years, though recent events have seen the dictator ousted and the ascendance of the constituent assembly - cum - parliament general national congress (gnc )
benghazi was shaken last week by a massive car bombing, an event that was followed by hundreds of people taking to the streets to vent their frustration at a government that has not been able to fill the security vacuum opened by the removal of gaddafi. for a sense of where libyan politics are headed if the country’s present instability continues, one must look to the historical power centers, such as tripolitania and cyrenaica, as well as the geopolitical factors of bordering states and resource distribution. such factors may determine if libya eventually splits into two politically autonomous territories; namely, tripolitania and cyrenaica .
gaddafi’s patronage network was structured around both security and the nation’s resources. given his own tribe’s small size, gaddafi had to compensate and thus used members of libya’s largest tribe, the warfalla, as security personnel. in addition, the zuwayya tribe in the oil - rich south would have had to be placated in various ways (i. e. through being granted a privileged status in gaddafi’s patronage system) due to their proximity to resources. this importance became clearer during anti - gaddafi protests, when zuwayya members threatened to withhold oil supply due to gaddafi’s violence against protestors. in addition, gaddafi’s treatment of protestors also cost him support of the warfallas, a major security loss .
geographically speaking, libya has three regions of significance to both political and agricultural stability. tripolitania and cyrenaica have historically been political rivals. both partnered with axis and allied powers respectively during the second world war. in addition, tension increased considerably post - independence when western powers supported the installation of king emir sayid idris, a cyrenaican, causing much bitterness in tripolitania. when gaddafi seized power in 1969, feelings of bitterness and joy were reversed. mutual hostility has thus prevented a sense of national unity, further enforced by the geographical layout of the gulf of sirte, which creates physical distance between the two regions, symbolizing their mutual callousness and feelings of being more tripolitanian or cyrenaican than united libyans. finally, the region of fezzan holds some importance for its pastoral culture (and thus minor agricultural capabilities) .
however, fezzan’s agrarianism is not enough to feed libya’s population. as one critic explains, most of libya is composed of arid land, which cannot sustain plant life or the growth of crops. the coast is the only area with less dryness. however, waves from the mediterranean sea frequently deposit salt on the coast, killing plant life and preventing the possibility of agriculture. consequently, libya is forced to import food, and it is therefore vital that the production of their resources resume forthwith. it is likely that for long - term economic growth, resumption of resource production will not be enough. as resources such as oil and gas must be exported, political stability will be needed to convince foreign companies to invest in the libyan market .
as recently as 2005, however, the libyan government changed the conditions of partnerships with international oil companies, limiting the profits such companies will receive. previously, oil companies had enjoyed profit shares of up to 49% . under the 2005 changes, this share has been reduced by up to half, and in some cases, oil companies are only granted an extension of their license to explore and profit from libyan oil if they commit to further financial investment into the libyan oil sector. this shift in attitudes from prioritizing positive relations with international oil companies to reducing their profits so as to increase state shares reveals how libya now considers itself a well - established oil state (thus granting it greater control over its share of oil profits). furthermore, the demands of reinvestment made on foreign oil companies illustrates how libya both recognizes the importance of exportation as an almost sole source of profit and the potential for increased oil wealth through further exploration. indeed, the latter likely explains why the state’s national oil company expects oil exploration to be undertaken by all oil companies operating in libya.
tamoil is the trading name of the oilinvest group , a fuel energy provider within the european downstream oil and gas sector . the oilinvest group refines crude oil and markets refined oil products primarily under the tamoil and the hem brands in europe . the oilinvest group is involved in supplying , trading , refining and selling petroleum products in italy , germany , switzerland , spain and the netherlands and carries out its trading activities from cyprus . the headquarters of oilinvest ( netherlands ) b.v. is located in the world trade center the hague , from where it oversees all its investments in the european oil downstream markets . the ceo is mr. asim gusbi . 
tamoil is the trading name of the oilinvest group, a fuel energy provider within the european downstream oil and gas sector. the oilinvest group refines crude oil and markets refined oil products primarily under the tamoil and the hem brands in europe. the oilinvest group is involved in supplying, trading, refining and selling petroleum products in italy, germany, switzerland, spain and the netherlands and carries out its trading activities from cyprus. the headquarters of oilinvest (netherlands) b.v. is located in the world trade center the hague, from where it oversees all its investments in the european oil downstream markets. the ceo is mr. asim gusbi.
tamoil is the trading name of the oilinvest group, a fuel energy provider within the european downstream oil and gas sector. the oilinvest group refines crude oil and markets refined oil products primarily under the tamoil and the hem brands in europe. the oilinvest group is involved in supplying, trading, refining and selling petroleum products in italy, germany, switzerland, spain and the netherlands and carries out its trading activities from cyprus. the headquarters of oilinvest (netherlands) b.v. is located in the world trade center the hague, from where it oversees all its investments in the european oil downstream markets. the ceo is mr. asim gusbi.