Middle East Economic Survey

VOL. LII

No 44

2-Nov-2009

Tough Investment Climate Darkens North African Upstream Prospects

North Africas energy exporters are badly in need of foreign investment and technology to extract oil and gas from ever more difficult reservoirs, and to battle decline at the many mature fields in the region. The sharp rise in domestic gas consumption has added extra urgency to that imperative. But the political uncertainties and tough operating conditions facing companies in...