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Decision No. 332 of 2022 Approving Property Allocation for Oil Depot

28-03-2022·مجلس الوزراء·الطاقة
Analysis
Summary

The Council of Ministers approved the allocation of a land plot in Janzour to the National Oil Corporation for use by Brega Oil Marketing Company. The property will be used to establish and develop the Janzour Oil Depot facility.

Business Implication

This decision is operationally insignificant for most foreign investors—it is a routine administrative land allocation for an existing state-owned oil marketing company. However, it confirms the Government of National Unity's authority to allocate state property and indicates continued infrastructure investment in downstream petroleum logistics in the western coastal region. Companies in petroleum logistics, tank construction, or engineering services may monitor NOC/Brega procurement for depot development contracts.

Key Provisions
Land plot in Janzour (certification document No. 8576) allocated to National Oil Corporation
Property to be exploited by Brega Oil Marketing Company for oil depot establishment and development
Allocation follows specific boundaries and planning diagram attached to the decision
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