British Petroleum (BP) has unveiled plans to invest over $12 billion in Egypt over the upcoming years. In a statement today, the British giant firm said that it would inject the massive investments in the sector of natural gas by end the decade.
The company pointed out that it would focus particularly on meeting the needs of the expanding local market by doubling gas supplies and developing natural gas reserves in the West Delta Nile. The company affirmed its commitment to explore Egypt's oil and natural gas reserves and gradually double gas supplies during this decade.