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 BP Plc aims to double  its Natural Gas production in the next fours years in Egypt amidst weak oil prices.Offshore energy today reports that" Britain’s BP Plc aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt’s burgeoning energy market offers hope for its battered economy.Egypt is on a drive to ramp up oil and gas production – aggressively signing exploration contracts, renegotiating production prices, and lobbying companies to …

BP plans to cut 4,000 jobs as crude-oil slump deepens  Word oil reports that BP will cut 4,000 jobs in its crude-oil production division this year as prices continue to tumble.The company will reduce its worldwide upstream workforce to less than 20,000. The cuts include 600 people working at North Sea projects: they’ll lose their positions over the next two years “with the majority in the first year,” London-based spokesman David Nicholas said by phone.The job losses added[; to the 4,0 …