On 8 October, Benoit Faucon reported in The Wall Street Journal ENI SpA’s intention to acquire a controlling stake in BP PLC’s assets in Libya and its plans to resume oil exploration in the country. Libya Analysis’s Founder Jason Pack explains that several foreign oil firms, among which the French Total and Russia’s Tatneft and Gazprom are looking to increase their presence in Libya, noting that this renewal of interest is possible because 'oil prices are high and the political situation is reasonably stable'.Click here to read more.
Foreign companies' renewed interest in Libyan oil