‘Resource nationalism’ trend adds to challenging conditions for IOCs

Issue 177 - 31 Dec 2009 - By John Hamilton

IOCs are attracted to the Maghreb and Egypt, but each market poses its own problems, writes John Hamilton. While gas developments and exploration are advancing in Tunisia, and Morocco remains investor-friendly but seems to lack the resources to be more than a marginal play, international oil companies are facing a tougher time in the Maghreb than many expected when they entered promising exploration and production plays in Algeria and Libya.

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