CAIRO Ñ Former Prime Minister Shukri Ghanem has returned to Libya's energy policy board.   

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Industry sources said that while Ghanem's return was meant to assuage rising concern among Western energy majors, particularly Italy's Eni, Britain's BP and the U.S. firm ExxonMobil it was likely to have the opposite effect.

They said the companies have been under pressure to significantly revise their production share contracts with Tripoli. The Libyan regime has also established the Supreme Council Energy to oversee oil and gas policy.

"The feeling is that Ghanem will implement a shift in policy that will harm the foreign companies that operate in Libya's energy sector," an industry source said.

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