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BP goes on US$3b spending spree

CEO says worst is over as Europe's No 3 oil company seals a string of deals and targets growth next year

Mr Dudley plans to start seven or eight major projects for BP next year as crude prices recover from their worst collapse in a generation.


BP PLC is piling up assets with more than US$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 US$2.2 billion expansion of output in Abu Dhabi...

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