Waha Oil to Rent Bulayla Tower

The Waha Oil Company is expected to finalise a LD 70-million, 10-year, lease agreement by the end of the month for the taller of the two Bulayla Towers in Tripoli, according to a report from Libya Herald.

The 34-story building is owned by Datamon Company for Real Estate Investments, and comes with its own helicopter landing pad on the roof.

Waha Oil is a joint venture between the National Oil Corporation (NOC), ConocoPhillips, Marathon and Amerada Hess.

According to NOC, Waha will centralise all its administration at the tower until a new headquarter is built in nearby Hay Al-Andalus district.

The smaller 27-story Bulayla Tower was sold to the Libyan Investment Authority (LIA) in 2010 for LD 123 million, but remains empty due to legal complications following the revolution, despite 80 percent of the price being paid, reports Libya Herald.

(Source: Libya Herald)

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