MAURITIUS, Jan 24 (AGCNewsNet) – The Supreme Court of Mauritius has lifted sanctions imposed by the country’s Financial Intelligence Unit on Ola Energy, formerly known as Oil Libya.

The ruling, issued on Thursday, comes as a significant development for the company, which operates in 17 African countries and is involved in oil derivatives distribution and aviation fueling services.

In a letter addressed to Taher Al-Baour, head of the Ministry of Foreign Affairs in the Government of National Unity, Ola Energy CEO Abu Zeid Soualem expressed that the decision is an important step in enhancing the company's operations without legal or regulatory hindrances, supporting its future goals and plans.

Ola Energy, which rebranded from Oil Libya in 2018, owns over 1,300 distribution stations and provides fuel at 50 airports across Africa. The company also ranks as the third-largest player in its field on the continent.

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