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New press law is constitutional: Egypt’s National Press
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“This is an important strategic milestone for BP, marking the completion of one of the biggest development programmes we have ever delivered in a single year. Seven new upstream projects around the world have been brought safely into production in 2024, on average under budget and on schedule.
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We have high quality oil production operations and development assets and exploration blocks in Egypt, building our scale and creating significant opportunities. We continue to work with local teams to generate value and evolve the assets into a viable production and development business.
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GET PRICEEgypt signs new petroleum agreement with BP to explore oil
CAIRO – 30 July 2024: Egyptian General Petroleum Corporation signed a new petroleum agreement with the British Company BP to explore and produce oil and gas in the northeast of Ramadan in the Gulf of Suez with investments of about $46 million and a $4 million grant to drill three wells.
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In 2024, BP’s Castrol brand formed a joint venture here with its existing distribution partner, TAQA Arabia. Castrol Egypt Lubricants S.A.E. will locally manufacture and market world-class automotive and industrial lubricants, while TAQA will continue as the sole distributor in Egypt. Stepping into solar
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IMF Country Focus; Egypt: Time to Entrench Growth and Make It More Inclusive. January 23, 2024. Egypt’s economy is recovering, supported by prudent macroeconomic policies and initial bold reforms aimed at addressing the major challenges that have confronted the economy in recent years.
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