BP selling assets in Pakistan, Vietnam

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BP selling assets in Pakistan, Vietnam
By Steve Gelsi
July 20, 2010, 1:12 p.m.

NEW YORK (MarketWatch) -- A BP PLC (BP 35.52, +0.33, +0.94%) spokesman said Tuesday the oil giant is placing on the selling block oil and gas assets in Pakistan and Vietnam as part of its effort to sell $10 billion in properties. "In the past few days we have informed governments in both Pakistan and Vietnam of our intention to divest our upstream assets in both countries," BP spokesman Dean Scott said in an email to MarketWatch. "It is too early to speculate about potential purchasers, or possible value." Scott said the asset sale fits the company's mid-June plan to raise capital to help pay expenses related to the Deepwater Horizon oil spill in the Gulf of Mexico.

BP selling assets in Pakistan, Vietnam - MarketWatch

 

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[AZADPAKISTAN2009]

they are also selling assets in Canada , brazil

 

[ejaz007]

It is posted in the economy section. Why open a new thread?

 

[niaz]

BP needs to raise $20-billion to pay for Oil Spill the US Gulf. They need to sell assets that are not considered vital.