Oil majors in exodus from Egypt anarchy
MAJOR oil companies were pulling staff out of Egypt as the death toll from clashes between police and supporters of the country’s ousted president exceeded 600 last night.
Shell said it was closing its offices in the crisis-hit African state as chaos reigned on the streets. BG Group – whose offshore liquefied natural gas (LNG) operations in Egypt account for about a fifth of its total production – has already pulled out more than 100 workers.
Meanwhile, BP and Aberdeen-based Dana Petroleum said they were monitoring their operations closely as the bloodshed continued.
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