Tag: Bob Dudley
Egypt Features Headlines

Egypt gets $12bn investment plan from BP and DEA

North Africa PostComments Off on Egypt gets $12bn investment plan from BP and DEA

British Petroleum (BP) and Russian-owned DEA have agreed a partnership investment of $12 billion in Egyptian gas fields in the West Nile Delta with the hope of producing five trillion cubic feet of gas resources and 55 million barrels of condensates when the project is completed in 2017. The investment plan is being described as […]
Business Energy Features

BP Invests € 11 billion Euro to Develop Gas Project in Egypt

North Africa PostComments Off on BP Invests € 11 billion Euro to Develop Gas Project in Egypt

British Petroleum has announced an investment of 11 billion euro for the development of landmark gas project in Egypt’s West Nile Delta (WND) sites expected to produce up to 1.2 billion cubic feet a day, equivalent to about 25 per cent of Egypt’s current gas production. According to BP, the WND output will significantly boost […]
Algeria Features Headlines

Algeria:‘’In Amenas’’ gas plant back to full capacity in weeks

North Africa PostComments Off on Algeria:‘’In Amenas’’ gas plant back to full capacity in weeks

After last year’s attack on the ‘’In Amenas’’ gas plant by Islamist militants, which left 39 foreigners and one Algerian dead during a four-day siege, it has been reported that the gas plant will be fully functional within weeks. The plant used to produce about 11,5% of Algeria’s natural gas output before the attack. The […]