Libya has fired the starting gun on what will be a pivotal year for a number of Opec’s more fragile members that have struggled to attract IOC investment in recent years. While US President Donald Trump is extolling the opportunities on offer in Venezuela, the real action lies further east; in Libya, Algeria and Iraq.
These three countries have, to varying degrees, struggled in recent years, and have therefore implemented regulatory reforms in a bid to once again attract foreign investment and rejuvenate their upstream sectors. (CONTINUED – 1121 WORDS)
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