• ADNOC and bp form a JV in Egypt for gas development; bp has 51%, ADNOC 49%.
  • bp contributes development concessions and exploration agreements; ADNOC adds cash for growth (no figures provided)
  • Subject to reg approval.

BP and ADNOC Form GAS JV With Initial Focus In Egypt

Last updated at:Feb-14 08:15By: Niall Madigan



  • ADNOC and bp form a JV in Egypt for gas development; bp has 51%, ADNOC 49%.
  • bp contributes development concessions and exploration agreements; ADNOC adds cash for growth (no figures provided)
  • Subject to reg approval.