VOL. XLI/VOL. XLII
Low Prices Force Mobil To Shut Down Algerian Operations
Mobil Oil Corporation of the US has announced that it is withdrawingfrom its exploration and producing operations in Algeria for purely commercial reasons. AMobil spokesman told MEES: "We have had two discoveries there. However, withthe current price of crude, and in a market such as we have at the moment, one clearly hasto make choices between different opportunities...