British Petroleum to invest 1.5 bln USD in Egypt for development, exploration activities

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British Petroleum to invest 1.5 bln USD in Egypt for development, exploration activities

STORY: British Petroleum to invest 1.5 bln USD in Egypt for development, exploration activities SHOOTING TIME: Feb. 19, 2024 DATELINE: Feb. 20, 2024 LENGTH: 0:00:47 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. Egyptian President Abdel-Fattah al-Sisi meeting with BP Chief Executive Officer Murray Auchincloss (courtesy of the Egyptian Presidency) STORYLINE: Energy giant British Petroleum (BP) planned 1.5-billion-U.S. dollar new investments for development and exploration activities in Egypt, the Egyptian presidency said on Monday. The announcement was made after a meeting in Cairo between Egyptian President Abdel-Fattah al-Sisi and BP Chief Executive Officer Murray Auchincloss in Cairo, said the statement. During the meeting, Auchincloss announced that there is a potential for an additional 5 billion U.S. dollars in investments over the coming years, according to the statement. He affirmed BP's keenness on further boosting its investment in the field of oil and gas exploration in Egypt

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