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11

BP Investing $37bn in the US Oil and Gas

British oil giant BP plans to invest about $37 billion in the United States

British oil giant BP plans to invest about $37 billion (GBP 20bn) in the United States to explore, produce and process more oil and natural gas.

BP CEO John Browne also said BP remained committed to a $25bn pipeline project that would ship natural gas from Alaska to the lower 48 states.

The US is the world's largest energy consumer, accounting for one out of every four barrels of daily global oil demand.
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