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BP piles up oil assets with over $3 billion deals in three days

  Bloomberg BP Plc is piling up assets with more than $3 billion of deals in three days as Chief Executive Officer Bob Dudley sees the company emerging from the doldrums after a two-year price slump. Since Saturday, BP has announced a $2.2 billion expansion of output in Abu Dhabi and a $916 million investment in fields in Mauritania and ...

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Tanker docked at Libya’s Es Sider port to load 1st crude cargo in 2 years

BENGHAZI / Reuters An oil tanker docked at the east Libyan port of Es Sider to load the first cargo of crude since the terminal reopened following a two-year closure, port officials said. Es Sider, Libya’s biggest export terminal, had been shut due to a blockade by a military faction since 2014. It reopened in mid September, but repairs were ...

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Egypt raises purchase price of sugarcane from local farmers

  CAIRO / Reuters The Egyptian government has increased the price it pays local farmers for sugar cane by 25 percent, the Ministry of Supplies said on Tuesday. Sugar companies belonging to the Ministry of Supplies will buy local sugar cane from farmers for 500 Egyptian pounds ($26.11) per tonne, up from 400 pounds in the last season, the statement ...

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