LIBYA

 

Gazprom May Leave Elephant On The Shelf

Russian state firm Gazprom may not follow through on a February 2011 deal to take a half of Italian firm Eni’s 33.3% stake in the Elephant (el Fil) field in Libya’s Murzuq Basin. The firms struck the $170mn deal on 16 February last year, just days before Benghazi erupted into violence, but the agreement was never ratified by Tripoli. Subsequently, in April 2011, the two firms agreed that “due to...