Middle East Economic Survey

VOL. LIII

No 45

8-Nov-2010

North Africas Investment Star Wanes

Tough terms in both Algeria and Libya are delaying projects and deterring investments, international oil companies (IOCs) complain. Fiscal terms in both North African heavyweights, set mid-decade amid surging prices and in a period of exuberant investment interest in the region, are no longer appropriate in todays high production cost and increasingly geologically complex environment, executives...