Economy Country February 26, 2025

BP Plans Increase in Annual Investment

British oil giant BP announced plans on Wednesday to increase its annual investment, aiming to boost production and enhance its position in the energy market.


BP Plans Increase in Annual Investment

Moving towards a new record, the global oil market is advancing! The British oil company - 'British Petroleum' (BP) reported plans to increase annual investments. According to the company's president, they aim to increase spending to $16 billion in the next year. The actions will be directed towards the development of renewable energy and gas infrastructure.

The company president, commenting on this, noted: 'The investment expansion plan represents an important step in our strategic development. We are focusing on the technologies of the future. We stand on the threshold of a new era in energy, and we need to prepare for this in advance.' It is expected that this increase in investments will not only strengthen the company's position in the global market, but also make a significant contribution to the development of modern technologies in the field of energy production and distribution.