Middle East Economic Survey


No 32



BP Plans $2Bn Investment In Algeria By 2014

BP is planning to spend $2bn over the next five years in Algeria, where it is one of the largest international gas producers and has exploration acreage that has already yielded drilling success. The development of the 9 bcm/year In Salah dry gas project, which is also the worlds first full-scale carbon dioxide capture project, will cost around $1bn and involves building a compression station...