According to Egyptian Daily Al Masry Al Youm, Egypt is to become the largest investment destination by BP in 2020.
At present, almost 40% of hydrocarbon output in Egypt is produced by BP, and future investment will see the company almost double it’s exposure.
Total financial exposure to Egypt is expected to be in the region of $25 billion.
This significant investment is on the back of similar announcements by companies in Germany, France and China, as Egypt continues with a significant program of development.
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