Saturday, September 10, 2011

BP plc (NYSE:BP) Completes Refinery Sale

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tdp2664 E money daily BP plc (NYSE:BP) has completed the sale of its African refining and marketing assets to Trafigura. BP plc (NYSE:BP) Completes Refinery Sale BP plc (NYSE:BP) has sold five of its African refining and marketing assets to Puma Energy, the marketing unit of Trafigura Group, for $296 million. The marketing businesses in Namibia, Botswana, Tanzania, Malawi and Zambia also fall in to the deal. Iain Conn, chief executive for refining and marketing at BP plc (NYSE:BP), said, "BP plc (NYSE:BP) is pleased that the sale of Tanzania has now been completed successfully. We believe Puma Energy will be able to build on these good assets and develop them further. We are committed to developing and pursuing the significant growth potential of our businesses in South Africa and Mozambique". BP plc (NYSE:BP) company shares are currently standing at 37.08. Price History Last Price: 37.08 52 Week Low / High: 35.15 / 49.5 50 Day Moving Average: 41.85 6 Month Price Change %: -18.8% 12 Month Price Change %: -3.4%



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