BP to invest about $1.8 billion in Egypt this year – CEO

CAIRO (Reuters) – BP Chief Executive Bob Dudley on Monday said the company will invest about $1.8 billion (£1.4 billion) in Egypt this year and he expects a crude oil price of $50-65 a barrel over the next year.

Dudley added that the current oil price is healthy and fair and that the market feels balanced.

Reporting by Nadine Awadalla and Aidan Lewis; Writing by Eric Knecht and Yousef Saba; Editing by David Goodman

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