| BP’s footprint in the Gulf states goes back a century, to the time of the first oil strikes in Qajar Persia, the Royal Navy’s conversion from coal to oil during the World War One, the Crown’s controlling shareholding in the legendary Anglo-Persian Oil Company (APOC), to the oilfields gusher of Kuwait and Iraq and the LNG terminals of Qatar.
This is the perfect opportunity for a GCC sovereign wealth fund, ideally from Abu Dhabi, to take a strategic stake in a wounded Seven Sister colossus of Big Oil..............................................Full Article: Source |