BR100 Increased By (0.2%)
BR30 Decreased By (-0.07%)
KSE100 Increased By (0.17%)
KSE30 Increased By (0.16%)
AGHA 6.75 Increased By ▲ 0.07 (1.05%)
BECO 4.40 Increased By ▲ 0.03 (0.69%)
BML 56.79 Decreased By ▼ -0.53 (-0.92%)
BOP 30.44 Increased By ▲ 0.09 (0.3%)
CNERGY 13.16 Increased By ▲ 0.04 (0.3%)
CSIL 5.40 Decreased By ▼ -0.01 (-0.18%)
FCCL 52.94 Increased By ▲ 0.15 (0.28%)
FFL 14.80 Increased By ▲ 0.08 (0.54%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.13 Increased By ▲ 0.04 (0.66%)
KOSM 5.97 Increased By ▲ 0.24 (4.19%)
LOTCHEM 26.60 Increased By ▲ 0.14 (0.53%)
MLCF 93.58 Increased By ▲ 0.42 (0.45%)
NBP 164.82 Increased By ▲ 0.16 (0.1%)
NCPL 55.70 Increased By ▲ 0.04 (0.07%)
NPL 60.95 Decreased By ▼ -0.21 (-0.34%)
OGDC 315.65 Decreased By ▼ -1.08 (-0.34%)
PACE 9.98 Increased By ▲ 0.11 (1.11%)
PAEL 35.63 No Change ▼ 0.00 (0%)
PIBTL 14.95 Increased By ▲ 0.27 (1.84%)
PPL 225.50 Decreased By ▼ -1.41 (-0.62%)
PRL 93.44 Increased By ▲ 0.42 (0.45%)
PTC 60.44 Increased By ▲ 0.18 (0.3%)
SSGC 23.89 Increased By ▲ 0.08 (0.34%)
TBL 8.83 Increased By ▲ 0.08 (0.91%)
TELE 7.87 Increased By ▲ 0.07 (0.9%)
TPL 22.41 Increased By ▲ 0.06 (0.27%)
TPLP 12.90 Decreased By ▼ -0.07 (-0.54%)
TREET 22.30 Increased By ▲ 0.14 (0.63%)
TRG 56.99 Increased By ▲ 0.43 (0.76%)
Markets

BP announces $12bn investment in Egypt gas fields

Published Updated

imageLONDON: UK-based energy giant BP on Friday announced a total investment of $12 billion (11 billion euros) in developing gas fields in Egypt, calling it a "vote of confidence" in the country.

"The WND (West Nile Delta) project investment is the largest foreign direct investment in Egypt," BP chief executive Bob Dudley said in a statement after final agreements were signed.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed for this article.