BP Weighs Egyptian Gas Asset Sale in Restructuring Drive

Amid a new company restructuring, BP is weighing a potential sale of some of its natural gas assets in Egypt, Reuters reported on Friday, citing multiple sources familiar with the plans. The UK oil and gas supermajor has not taken any final decision on a potential sale, while a spokesperson for BP told Reuters the group doesn’t comment on market speculation. BP has been operating in Egypt for more than 60 years, investing over $35 billion in the North African country during these six decades. BP and the partnerships it has with other companies…