U.S Oil Companies Look to Invest in Riskier Regions

Major oil companies are looking to invest in increasingly risky corners of the world, as high oil prices and tightening access to oil reserves make these regions more attractive.

As oil prices have increased, resource-rich countries such as Venezuela and Russia have tightened their grip on oil and gas assets, shrinking the pool of available reserves for companies such as Exxon Mobil Corp., Chevron Corp., and ConocoPhillips.

The companies also have to contend with security problems in West Africa and in Iraq, which could soon attract investment.
Energia.gr