BP has announced plans to invest $1.5 billion in Egypt over the next three to four years to develop drilling and gas projects, amidst the country's declining gas output. This investment aligns with Egypt's broader energy strategy, as evidenced by the signing of seven memorandums of understanding (MoUs) for green hydrogen projects potentially worth $40 billion. Additionally, BP's investment plan comes after the firm announced a joint venture with Adnoc.
BP to Invest $1.5 Billion in #Egypt as Country’s Gas Output Falls Spending will occur during the next three to four years Plan comes after the firm announced a joint venture with Adnoc https://t.co/6WMGU9qnUu
Egypt signs 7 green hydrogen MoUs worth a potential $40 billion https://t.co/4gS7DiLKC3 https://t.co/v6ZRRzTfJP
BP plans to invest $1.5 billion in #Egypt gas projects https://t.co/m90IV02oKc
BP plans to invest $1.5 billion in Egypt, Bloomberg News reports https://t.co/gY5raqmVIc https://t.co/F2q7kGUbkL
#Egypt signs 7 green hydrogen MoUs worth a potential $40 billion https://t.co/HPW1PudFtd
BP plans to invest $1.5 billion in #Egypt #oott https://t.co/m90IV02oKc
BP plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop drilling and gas projects https://t.co/f8GVb7tClT
Chile’s state oil and gas company is partnering with a California-based firm to try to squeeze more out of its natural gas fields in a country that relies mainly on imported hydrocarbons https://t.co/Etcl86zGJA