LIBYA/EGYPT
North African Oil Investors Head For The Exits
Both the UK’s BG and US independent Hess are looking to divest themselves of Algerian upstream assets. The news follows on the heels of Russia’s Novatek’s recent exit from Egypt. For the moment, investors in Libya are holding firm (see p10), but rising political instability in all three key regional producing countries is threatening to spark an exodus.
After failing to agree on...
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