INVESTMENT WATCH- BP repeats nearly USD 2 bn investment pledge as Egypt budget rises: BP will invest USD 1.8 bn in Egypt next year as part of plans to expand its operations in the Middle East, CEO Bob Dudley told The National in Abu Dhabi, reiterating past pledges. “We’ve spent in the last two years USD 6.8 bn in Egypt and it will be about USD 1.8 bn next year,” Dudley said. Dudley stressed the company’s commitment to the region."We have had to step back a bit because of the BHP [acquisition] but we’ve been increasing our budgets in Oman, in Egypt,” where the company is involved in both upstream and trading activity.

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