BP Eyeing Enhanced Oil Exploration, Output in Egypt’s Mediterranean

published:06/10/2024 07:48 GMT

The UK-based bp is targeting accelerating exploration and production in the Mediterranean Sea over the coming period to boost Egypt’s natural gas output, as per a statement. This plan was reviewed in a meeting between Minister of Petroleum and Mineral Resources Karim Badawi and the British company’s CEO Murray Auchincloss in the UK. In this regard, Badawi emphasized Egypt's full support for bp’s initiatives to develop its concessions in the Mediterranean Sea, noting the company's importance...More