BP and Off-Shore Drilling in the Mediterranean

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Reaction in the Mediterranean to BP’s plans to start drilling five off-shore wells off the Libyan Gulf of Sirte in October has been surprisingly low key given the British oil giant’s recent track record in the Gulf of Mexico. So far, the only group to express vigorous concern, at least in public, has been archeologists: The seabed off that stretch of the Libyan coast is rich in ancient sites and artifacts, including the remains of a sunken port once vital to Roman shipping. Yet there is nothing particularly reassuring about BP’s new $900 million operation, even as the company continues […]

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