The Supreme Court of Mauritius has issued a ruling to lift sanctions imposed by the country's Financial Intelligence Unit on Ola Energy, formerly known as Oil Libya.
Hokoometna media platform said on Facebook page on Thursday published a copy of a letter from Ola Energy CEO Abu Zeid Soualem to the person in charge of running the Ministry of Foreign Affairs in the Government of National Unity, Taher Al-Baour, regarding the issuance of this ruling.
Soualem said that the decision is "a very important positive step that will greatly contribute to enhancing the company's capabilities and continuing its work smoothly without legal or regulatory restrictions, in support of its goals and future operational plans."
Ola Energy operates in 17 African countries, owns and operates more than 1,300 oil derivatives distribution stations, and provides aviation fueling services at 50 airports across the continent.
The company owns a number of car engine oil factories, and ranks third among companies operating in its field on the African continent.
The company changed its name from Oil Libya to Ola Energy in 2018, as part of a plan to modernize its presence in regional markets.