North African Oil and Foreign Investment in Changing Market Conditions

The oil sectors in the North African countries of Algeria, Libya, Egypt and Sudan have witnessed major transformations in the past decade or so. In Algeria, government reforms in the mid 1980s resulted in the entry of a wide range foreign oil companies to an oil sector previously dominated by the state-owned oil company. In Libya, the lift of US sanctions and the opening of the oil sector to foreign investment through a series of licensing rounds created a new dynamism not seen since the mid 1950s when the country’s oil industry kicked off. Egypt’s oil policy of building partnerships with foreign oil companies makes it one of the most attractive countries for foreign investment despite its mature oilfields. In Sudan, Asian national oil companies transformed the prospects of the country’s oil sector. Since 1999, Sudan’s oil production has been rising steadily enabling the country to join the club of oil exporters.

By: Bassam Fattouh

Latest Tweets from @OxfordEnergy

  • New OIES study on EU rules on gas pipelines: Complexity & lack of clarity in regulatory framework for incremental c… https://t.co/HDgUaRTwGO

    July 20th

  • Stern on Russia-Ukraine gas transit talks: It is a meaningful step to have established a process; but would be diff… https://t.co/oqkqFtmsaa

    July 20th

  • Building New Gas Transportation Infrastructure in the EU – what are the rules of the game? https://t.co/dyMFMaUIu9

    July 19th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.