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Wednesday, 14 February 2018

Egypt is “really important for us,” Dudley tells CNBC

Egypt is “really important for us,” BP CEO Bob Dudley told CNBC’s Steve Sedgewick. “[BP] invested more money in capital last year in Egypt than any other country in the world. So people are very surprised about that we’ve been here for 50 years, we’re producing lots of gas natural gas.” Dudley adds that, despite the major political events since 2011, BP has “never missed a day of production.” He also praised the performance of the current government, saying “the governments have been good but this government is actually great. President on down has always said I’m going to cut through the red tape. Tell me what needs to be done. It’s excellent. The Prime Minister, Energy Minister, all of them one team. So that’s really rare. Now in a world where a government just works to move things fast quickly helps track.”

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