Current BP Stock Info

BP (ticker: BP) has released a statement saying that the company plans to expand its operations in Egypt with a $240 million investment in the country.

Last year, the Egyptian Natural Gas Holding Company (EGAS) auctioned off several blocks in Egypt, both on and offshore. BP was awarded Block 8, an offshore location in the Mediterranean Sea, and Block 3, an onshore site in the Nile Delta. The company has committed to invest a total of $240 million in the blocks over different phases, with 3D seismic and exploration wells at each site expected...

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