ETA has signed a JV deal with NOC this year to own, operate and upgrade Ras Lanuf, the largest oil refinery in the country. The JV is committed to investing close to $2.5 billion on this strategic project.
ETA also currently runs complete turnkey operation for three oil drilling rigs for oil majors in Libya and the fourth rig is due to commence operations very shortly. In these operations we currently have more than 200 workers, engineers etc.
ETA’s Zenath paper trading has been procuring waste paper from Libya over the past two years.
ETA’s STAR Petro traders in Libyan petroleum products and Libyan Crude oil for the past 6 months.
ETA is also looking at many other opportunities in Civil construction and power generation and is currently negotiating with many government entities.