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BP: sells mature oil assets in Egypt
(CercleFinance.com) - BP has agreed to sell its mature oil assets in Egypt to Dubai-based oil and gas company Dragon Oil, as part of its plan to divest over 10 billion dollars of assets over the next two years.
Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP's interest in the Gulf of Suez Petroleum Company (GUPCO). The deal is expected to be completed in the second half of 2019. Copyright (c) 2019 CercleFinance.com. All rights reserved. |
19/04/2024 18:06
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