Liwa (company)
Encyclopedia
Liwa is a chemicals and petroleum
company in Liwa, United Arab Emirates. The company's headquarters is in Abu Dhabi
.
"Liwa" concentrated on the regional, Middle East
petroleum market, however, which limited the company's international exposure.
Mr. Salah Salem Al-Shamsi, a well known businessman in the Middle East, opened "Liwa Chem" in the late 1990s, allowing "Liwa" to enter the chemicals industry.
"Liwa Chem" helped the main "Liwa" company enter other, non petroleum related, business areas.
In 2005, "Liwa", along with American
partner "Occidental Petroleum
", was able to win eight out of fifteen exploration areas in the long awaited EPSA-4 auction
, making both "Liwa" and "Occidental Petroleum" two of the first international petroleum companies to be allowed to operate in Libya
after the Libyan Embargo was lifted.
Nevertheless, "Liwa" still remains a largely unknown company on an international scale.
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
company in Liwa, United Arab Emirates. The company's headquarters is in Abu Dhabi
Abu Dhabi
Abu Dhabi , literally Father of Gazelle, is the capital and the second largest city of the United Arab Emirates in terms of population and the largest of the seven member emirates of the United Arab Emirates. Abu Dhabi lies on a T-shaped island jutting into the Persian Gulf from the central western...
.
History
"Liwa" first began operating as a petroleum company in 1939. Due in part to the area's large petroleum sources, the company was able to grow locally. By the 1950s, "Liwa" had become one of the leading companies in the United Arab Emirates."Liwa" concentrated on the regional, Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
petroleum market, however, which limited the company's international exposure.
Mr. Salah Salem Al-Shamsi, a well known businessman in the Middle East, opened "Liwa Chem" in the late 1990s, allowing "Liwa" to enter the chemicals industry.
"Liwa Chem" helped the main "Liwa" company enter other, non petroleum related, business areas.
In 2005, "Liwa", along with American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
partner "Occidental Petroleum
Occidental Petroleum
Occidental Petroleum Corporation is a California-based oil and gas exploration and production company with operations in the United States, the Middle East, North Africa, and South America...
", was able to win eight out of fifteen exploration areas in the long awaited EPSA-4 auction
Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...
, making both "Liwa" and "Occidental Petroleum" two of the first international petroleum companies to be allowed to operate in Libya
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
after the Libyan Embargo was lifted.
Nevertheless, "Liwa" still remains a largely unknown company on an international scale.