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NaveenS
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Product Manager - Derrick Petroleum Services. Working in Oil & Gas Industry for 5+ years. Contributed significantly for Database development for Upstream transactions (http://www.1derrick.com/ma-database). Initially worked as a 'Research Analyst' at Reuters. LinkedIn Profile:... More
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Derrick Petroleum Services
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1Derrick
  • BP Plans $1.5 Billion Egypt Investment To Raise Gas Output 0 comments
    May 12, 2014 5:49 AM | about stocks: BP

    BP is planning to invest $1.5 billion in 2014 to raise natural gas production from Egypt. The company's production was hit by an energy crisis following three years of political turmoil, the state news agency MENA said.

    Egypt is seeking to raise $2.5 billion to cover natural gas imports until the end of Dec-2014, the head of state-run Egyptian Natural Gas Holding Company (NYSEMKT:EGAS) Khaled Abdel Badie said.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: 1Derrick, Egypt Stocks: BP
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