AsiaMiddle East

BP and Adnoc launch new Egyptian JV

By LNG Prime Staff
BP and Adnoc launch new Egyptian JV
Image: BP

Announced in February 2024, Arcius Energy is 51 percent owned by BP and 49 percent by XRG, Adnoc’s investment company. Adnoc recently launched XRG, with an enterprise value of over $80 billion, to invest in gas and LNG, chemicals, and low-carbon energies. BP said in a statement on Monday new joint venture in Egypt will…

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