Emirates paper hits Exxon over its pullout in Libya

A United Arab Emirates newspaper has called on oil-producing countries to take a stand against Exxon for pulling out of Libya. Describing the move as unprecedented and grave, the daily Al-Bayan said it requires a serious stand by members of the Organization of Petroleum Exporting Countries.

Exxon, the world's biggest oil company, notified Libya last week that it was relinquishing its concessions there, but gave no reason why.

The paper noted that Exxon's action coincided with mounting tension in US-Libyan relations. But some oil industry analysts said it could be purely for economic reasons, because the price of Libya's oil was considered too high.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK