BREAKING NEWS

BREAKING NEWS

BP to invest about $1.8 billion in Egypt this year - CEO

BP to invest about $1.8 billion in Egypt this year - CEO
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ARND WIEGMANN(Reuters)
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CAIRO (Reuters) - BP Chief Executive Bob Dudley on Monday said the company will invest about $1.8 billion (£1.4 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.

(Reporting by Nadine Awadalla and Aidan Lewis; Writing by Eric Knecht and Yousef Saba; Editing by David Goodman)

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