Middle East Economic Survey

VOL. LIII

No 28

12-Jul-2010

BP Courts Potential Gulf Investors

BP Chief Executive Tony Haywards tour of the Gulf last week increased speculation that the company is seeking investment from sovereign wealth funds (SWFs) and other state entities in the region. The companys shares edged up off their recent lows. They had been pounded down 50% by the Macondo oil spill disaster in the Gulf of Mexico. The beleaguered stock also received support from a Wall Street Journal...