BP and XRG Close Deal to Launch Arcius Energy in Egypt

BP plc (BP) and XRG, the international energy investment arm of ADNOC, have officially launched their new joint venture, Arcius Energy, following the financial closure of the deal.The platform, designed to develop natural gas assets, will initially focus on Egypt, contributing to the region's energy security and economic development. This marks a milestone in the 50-year partnership between BP and ADNOC, aligning with their strategic goals to build a competitive and sustainable energy future.Arcius Energy i ...