Deals
BP, Adnoc Form Egypt Gas Venture as Abu Dhabi Pushes Deals
- BP will contribute assets, Adnoc will provide cash for venture
- The deal would deepen the UAE’s economic ties with Egypt
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BP Plc and Abu Dhabi National Oil Co. agreed to form a joint venture in Egypt to focus on natural gas, giving the United Arab Emirates access to production in a country that supplies the fuel to Europe.