BP may rethink North African expansion

Jan 21, 2013 BP may be forced to reconsider further gas exploration in North Africa as a result of the hostage crisis at the Algerian natural gas facility that it jointly operates. While it is unlikely that BP will scale back operations in Algeria, further expansion across the region will need careful consideration, owing to the threat from al Qaeda in the Islamic Maghreb. The Algerians are very security conscious, and they have to be. They have a massive problem, as does Libya, as does Morocco. This is a serious issue. Algeria will not take any messing around with security, because gas exports are essential to them, the sources said.