BP takes $600m Hit on Libya Operations

In its results for the second quarter of 2015, BP announced that its 'Upstream' segment incurred around $600 million of exploration write-offs and other costs related to the company's activities in Libya.

BP said the losses were "primarily due to circumstances in the country".

Last year, the company dropped plans to explore in the Ghadames basin because of security concerns.

(Source: BP)

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