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ExxonMobil eyes debut in North Africa oil and gas powerhouse - Upstream Online

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ExxonMobil eyes debut in North Africa oil and gas powerhouse | Upstream

ExplorationExxonMobil eyes debut in North Africa oil and gas powerhouseUS giant signs a memorandum of understanding covering two southern basinsSonatrach chief executive Rachid Hachichi.Photo: REUTERS/SCANPIXIain EsauAfrica CorrespondentLondon

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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