Energy transition risks political strife in oil-producing states: report

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Refining towers and fuel storage tanks are seen at the Zawiya oil refinery near Tripoli, Libya, on Monday, Aug. 29, 2011. Photographer: Shawn Baldwin/Bloomberg via Getty Images
An oil worker stands on the deck of the Agbami floating production, storage and offloading vessel (FPSO), operated by Chevron Corp., in the Agbami deepwater oilfield in the Niger Delta, Nigeria, on Monday, Nov. 16, 2015. Nigeria plans to review agreements for deep offshore oil production to seek more favorable terms in line with the latest industry standards, state-owned Nigerian National Petroleum Corp. said. Photographer: George Osodi/Bloomberg via Getty Images

The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday.

“Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil-producing countries over the next 3-20 years as the energy transition takes hold,” it said.

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