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

Reuters , Monday 11 Feb 2019

File Photo: BP logo (Photo: Reuters)

BP 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.

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