TRIPOLI (AFP)--State-run Libya Oil Holding Tuesday announced it had bought subsidiaries of Royal Dutch Shell PLC (RDSB.LN) in Sudan, Djibouti and Ethiopia.
Company president Ali Shamekh said the deal with Shell concerns a total of 240 petrol stations in the three countries. He didn't give the value of the deal.
Libya Oil Holding has also struck an agreement with the Congolese government to build a 140-kilometer pipeline on the Atlantic coast, Shamekh said.
The $300-million pipeline is due to link the Muanda and Matadi regions in the extreme west of Congo.