Oil companies valued at under $1 bln should join together - Africa Oil

Meren Energy

09/11/2021 10:30

DUBAI, Nov 9 (Reuters) - Oil companies with a valuation of less than $1
billion should look at joining together, Africa Oil Corp  AOI.TO  CEO Keith Hill
told a conference in Dubai on Tuesday. 
    Oil companies need to have at least $2-3 billion in market capitalisation
"to be taken seriously," he said.
    

 (Reporting by Yousef Saba, writing by Maher Chmaytelli; Editing by Kirsten
Donovan)
 ((maher.chmaytelli@thomsonreuters.com;))