British Petroleum to invest 1.5 bln USD in Egypt for development, exploration activities

CAIRO, Feb. 19 (Xinhua) -- Energy giant British Petroleum (BP) planned 1.5-billion-U.S. dollar new investments for development and exploration activities in Egypt, the Egyptian presidency said on Monday.

The announcement was made after a meeting in Cairo between Egyptian President Abdel-Fattah al-Sisi and BP Chief Executive Officer Murray Auchincloss in Cairo, said the statement.