Total and OiLibya opened a joint venture lubricant blending and storage facility in Egypt this month. Both companies said they expect the project to help expand their sales in the North African country.
The project is located on a 34,000-square-meter site in Borg El Arab, Egypt, near Alexandria, and operates under the name Oil Products Storage and Blending Alexandria, in which Total and OiLibya own 65 percent and 35 percent stakes, respectively. The blending plant has capacity to produce 40,000 metric tons per year of finished lubes. The site has 23 storage tanks with combined capacity of 8,000 cubic meters and a laboratory for quality control and oil analysis. It employs 50 people and cost approximately U.S. $20 million.
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