22nd Apr 2015 05:33
LONDON (Alliance News) - BP PLC is seeking buyers for up to USD2 billion worth of its US pipelines and storage terminals as the group seeks to offload some of its non-drilling infrastructure, Bloomberg reported on Tuesday.
BP has sent offering materials to potential buyers of two of its assets in the past fortnight, Bloomberg said, citing people familiar with the matter.
The assets includes its interest in four pipelines and a gas plant along the Gulf of Mexico and 15 storage terminals in the Midwest and East Coast regions, the sources told Bloomberg.
http://www.bloomberg.com/news/articles/2015-04-21/bp-said-to-seek-bids-for-2-billion-in-u-s-pipeline-operations
By Sam Unsted; [email protected]; @SamUAtAlliance
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