NARCO ANALYSIS: Libya Sweet, Algeria Sour
By Geoff D. Porter
Libya is looking sweet for oil companies and they are starting to sour on Algeria. But it may only be a medium-term trend and there is a distinct possibility that it could reverse next year.
No energy companies or oil field service companies have actually quit Algeria yet (possibly because they know they probably can’t,) but there are murmurings of discontent.
Meanwhile, after a decade of uncertainty and IOCs being unable or unwilling to travel to Libya, things are starting to look more attractive.
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