BP sells Trafigura African assets
The conglomerate of products Trafigura, a fine of 1 m € (£ 846 m m) by a Dutch Court earlier in the year to a toxic waste scandal pays cash 296 m $ (£ 184 m) fuel marketing and 190 forecourt in the BP companies in Namibia, Botswana, Zambia, Tanzania and Malawi.
Companies are not included in the disposal program active currently underway to raise between $used-$ 30bn to cover benefits related to the tide, but their disposal represents another trip by BP to reduce its exposure to low margin retail companies.
To Trafigura purchased marks its entry in detail by its subsidiary energy Puma and the beginning of a drive to establish a network in Africa downstream.Angola State owned oil company Sonangol buys 10pc participation in the former estate of BP.
Trafigura requires authorization regulators in each country for the reprise.Analystes felt that in view of its history in Africa, there may be problems but said Puma initial meetings went well.
TNK - BP Group oil Anglo-russe is paid $1 8bn to the BP upstream and active pipeline to the Viet Nam and Venzeula, wasted little time to consolidate its position in the Viet Nam.It has signed an agreement of cooperation with PetroVietnam, a State-owned companies to expand both upstream and downstream, while supporting the move of its partner in the Russian market.
BP is now almost halfway towards its goal of disposition of assets after completing contracts worth more for $EIROforum.La speed and success of the program as much higher than the price paid for the assets has encouraged other oil producers to examine the scope of assignments.
The month next BP expects to start drilling for oil in Libya where she engaged in $billion onshore and offshore spending over the next seven années.Le contract was controversial because of allegations that transaction is linked to the release of Abdel Al-Megrahi, one of the bombers Lockerbie sting.
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