British oil giants BP and Shell last week signed a range of agreements with Libya’s National Oil Company (NOC) aimed at boosting the country’s oil and gas output recovery. Very few people outside the oil and gas industry appreciate the much broader and deeper strategic significance that often lies behind the announcement of new exploration and development deals or how that significance can be manifested on the ground. At the core of this is the international legal position surrounding such developments, which at its most basic level…
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