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BP sell assets,Apache Oil Company to be buyer
07-23-2010, 01:50 AM
Post: #1
BP sell assets,Apache Oil Company to be buyer
BP 20,Please register or login to see links! said that considering the sale of natural gas in Vietnam and Pakistan, two projects hold the assets, valued around 17 billion U.S. dollars.

20 Reuters quoted a spokesman for BP, then reported that British Petroleum is considering selling its gas fields in Vietnam how to enlarge the project's assets, which is the largest foreign investment projects in Vietnam one.

British Petroleum also plans to sell upstream assets in Pakistan, including the southern Sindh province has been put into production and exploration in the field.

UBS analysts said the British oil in Vietnam and Pakistan, two assets worth about 966 million U.S. dollars and 6.9 billion dollars.

Natural gas from these gas fields account for about all of the British oil and gas production by 1%.

British Petroleum last month reached an agreement with the U.S. government, Tong Yi set 20 billion U.S. dollars fund for compensation for the damage the Gulf of Mexico Youjing leaks Yin Qi. The company intends to raise within a year through the sale of assets of 10 billion U.S. dollars.

The source told Reuters, British Petroleum is considering selling more assets to raise another 10 billion U.S. dollars. British Petroleum Chief Financial Officer bailogelet earlier said that British Petroleum will sell most of the "non-core" assets.

In addition, the U.S. oil company Apache later in the day to reach agreement with British Petroleum,Please register or login to see links! will buy the latter in the United States, Canada and Egypt worth a total of 7 billion U.S. dollars in assets.
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