BP’s history in Libya dates back decades. Prior to 1971, the company had a vast presence throughout the country. However, BP’s assets were nationalized by the Libyan government in 1971, and BP’s operations in the country came to a screeching halt.
In 2007, BP reentered Libya through an agreement with Libya’s National Oil Company. Part of the transaction involved BP lobbying the British government to release Libyan prisoners back to their home country. Helping to expedite the prisoner release ultimately landed BP the deal.