Tamraz Oil (Tamoil)

First Arabian Corporation (“FAC”, created and led by Roger Edward Tamraz) founded and built Europe’s Tamoil by purchasing and combining all of the Italian assets of Amoco (Standard Oil Company of Indiana) in 1983, mainly a refinery and service stations. In 1986, the Libyan Government became a shareholder. Tamoil expanded in Europe (Germany, the Netherlands, Switzerland, Italy and Spain): 3,000 service stations, an extensive pipeline distribution system and three refineries with a daily capacity of 255,000 barrels of oil.