Cairo - Mubasher: BP is set to sell mature oil fields in Egypt, with its investments now shifting towards the country’s rising natural gas discoveries.
Assets in the Gulf of Suez have been on sale for a few months and BP is hoping a deal will raise about $1 billion, as reported by Bloomberg citing unnamed sources.
It is worth noting that the British giant owns a small stake in Egypt’s super-giant Zohr gas field in the Mediterranean Sea.
