Libya’s oil minister says some IOCs exploiting security issues to improve contract terms
November 24, 2023 Comments Off
Libya’s oil and gas minister has accused some international oil companies operating in the OPEC member of taking advantage of lax security in the country’s restive oil regions caught in fighting bouts since 2011, slacking off in implementing their development plans and seeking better contractual terms. “Most of the IOCs have committed to specific projects and up till now they…
Libya’s oil minister says some IOCs exploiting security issues to improve contract terms
Libya’s oil and gas minister has accused some international oil companies operating in the OPEC member of taking advantage of lax security in the country’s restive oil regions caught in fighting bouts since 2011, slacking off in implementing their development plans and seeking better contractual terms. “Most of the IOCs have committed to specific projects and up till now they…
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