BP to invest $1.8 bln in Egypt this year: CEO

By Amwal Al Ghad English On Feb 12, 2019

BP’s Chief Executive Bob Dudley on Monday said the company will invest about $1.8 billion in Egypt this year and he expects a crude oil price of $50-65 a barrel over the next year.

Dudley added that the current oil price is healthy and fair and that the market feels balanced.

Source: Reuters

barrel BP Crude Egypt Oil price

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