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BP (BP +0.8%) plans to focus on 45 major upstream projects mostly in four areas - the Gulf of...

BP (BP +0.8%) plans to focus on 45 major upstream projects mostly in four areas - the Gulf of Mexico, Angola, Azerbaijan and the North Sea - through 2020, CEO Bob Dudley says at the annual shareholders meeting. On continuing to invest in Russia via its 20% stake in Rosneft, Russia "has over 4x the combined proved oil and gas reserves of the U.S. The scope for growth is massive."
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