Foreign oil firms in Egypt are continuing to invest despite mounting political turmoil. The impact of political unrest has been uneven, hitting operators of gas projects harder than others.
Most operators have removed non-essential expatriate staff since the 3 July coup – the UK’s BG has reduced its expatriate footprint from around 150-plus dependents to 55. But security as such has yet to directly affect oil operations, despite rising violence. (CONTINUED - 944 WORDS)