EconSource: BP Joins Total in Writing Off Oil Assets Amid Libya Conflict

Conflict in Libya has led European oil companies including British Petroleum (BP) and France’s Total SA to write off millions of dollars in investments in the country. On Tuesday, BP said it had taken a loss of almost $600 million in the second quarter of 2015 as fighting in Libya forced it to suspend an … Continue reading EconSource: BP Joins Total in Writing Off Oil Assets Amid Libya Conflict