Latest in Tag: BP Highlight

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Latest in Tag: BP

BP sells petrochemical business to Ineos for $5bn

BP’s petrochemical business is focused on two major operations, aromatics and acetyls. The company has invested in leading technology and preference manufacturing plants for both operations, including a strong presence in Asian growth markets.

Mohamed Farag

BP’s Karim Alaa named Senior Vice President for North Africa

Speaking of his new role, Karim said: “I look forward to continuing to grow our current business and generate new opportunities in the region. We are reinventing BP to deliver our ambition to be a net zero company by 2050 or sooner, as well as helping the world get there, and North Africa has a role to play in that.” 

Daily News Egypt

BP returns to profitability in 2016

British energy giant BP has announced it’s entered positive territory again, logging a slight bottom-line profit for the whole of 2016 and recovering from a huge net loss in the previous year.BP posted a slight net profit for 2016, the company announced Tuesday. Profit after tax stood at $115 million (108 million euros) last year, …

Deutsche Welle

As Nooros field reaches record production, BP and Ministry of Petroleum sign 3 concession amendments 

  BP announced it has signed three concession amendments with the Minister of Petroleum Tarek El Molla for the Temsah, Ras El Barr, and Nile Delta offshore concessions in Egypt.  These amendments allowed for the economic development of the Nooros field, where the company recently achieved record production. Hesham Mekawi, regional president of BP North …

Daily News Egypt