Shell’s Pulling Out of Libya

[HiPointDem]

2. shell isn't pulling out of libya, as it clearly states in the text.

"The move does not represent a departure from Libya; the company will maintain its representative office in Tripoli and continue to engage with the Libyan authorities and the National Oil Corporation (NOC) for future opportunities."

"Shell’s pulling out represents a message from key players in oil industry to the Libyan government and that is ‘we do not see eye to eye’."

"While Libya is keen to protect it sovereign assets, Libya’s oil industry depends on the engagement of IOCs. Following Shells decision, Germany’s Wintershall the second largest IOC in Libya (accounting for nearly 6% of Libyan output) has issued a warning that the current terms could impact on decisions regarding future investment in Libya."


shell is giving whoever's in charge in libya a little discipline to let them know who's really in charge.

do you even read the stuff you post? the message is 180 from your title.