Middle East Economic Survey

VOL. LI

No 38

22-Sept-2008

ALGERIA/LIBYA/EGYPT

Europe Strengthens Energy Links With Africa, Despite Security Challenges

Enis announcement on 8 September that it had bought Canadas First Calgary Petroleums (FCP), which is developing a gas and condensate field in Algeria, for C$923mn ($865mn), was the latest example of the Italian firm consolidating its position in North Africa. It parallels the growing trend of European countries looking to strengthen their ties with the...