Tuesday, June 29, 2010

Libya Remains Confident in BP (NYSE:BP)

Libya said that it remains confident in BP (NYSE:BP) continuing operations in the country, according to the leading oil official in the state, Shokri Ghanem.

There will be no hindrance to them continue to drill for oil and gas in the country as a result of that confidence.

Ghanem, who also chairs the National Oil Corp. of Libya said this, “BP has huge capabilities, long-standing experience and high-standard abilities that it could use to tackle the spill and overcome the crisis.”

Libya holds more oil reserves than any other African country, and currently produces 1.55 million barrels daily.

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