Minggu, 19 Agustus 2012

Much debt, BP oil refinery in California Selling Rp 24 Trillion

London -oil & Gas Companies from United Kingdom, British Petroleum (BP) agreed to sell the oil refineries in California to partner Carson American aspect was completely, Tesoro Corporation for US $ 2.5 billion (USD 24 trilun).

The sale is part of BP's plans already announced earlier that to sell its assets were valued at US $ 38 billion by the end of 2013. The plan to help pay the Bills, cleaning and compensation costs of oil spill disaster in the Gulf of Mexico in 2010.

"BP today announced that we had reached an agreement to sell oil refinery Carson, California, along with its logistics and marketing assets in the area related to the Tesoro Corporation for US $ 2.5 billion paid out in cash," BP said in a statement, quoted by AFP (14/8/2012).

The energy giant is already problematic agreed to sell US $ 26.5 billion of its assets since the beginning of 2010, including the most recent agreement. BP said the sale of Carson, allowing them to focus more on the investment and operation of the three refineries in the North of the US oil.

In February 2011, BP announced it will sell two oil refineries AS his greatest, including Carson as part of restructuring to divert the focus from the US and meet the cost of the compensation Bill is still piling up.

BP is also intent on dismantling its facilities at Texas City that is experiencing a deadly explosion in 2005. The blast makes 15 BP workers died and raises the question of the security of BP's operations across the us.

"Today's announcement represents a significant step in the strategy to reset focus fuel businesses AS we are," said Chief Executive business marketing and global perkilangan BP, Iain Conn in his statement Monday.

"With sales (oil refinery) are already planned, Texas-this will allow us to focus on operations and investment BP exclusively at three refineries in the North of the US which is a raw material as well as lucrative business marketing major and important."

Tesoro oil refinery will acquire Carson near Los Angeles that produces 266.000 barrels of oil per day, as well as logistics and terminal pipe network storage related.

Tesoro will also take over the network marketing kepemilikian ARCO branded retail, owned by BP in Southern California, Arizona and Nevada. BP added, they also gave up rights to trade retail brand ARCO in Northern California, Oregon and Washington exclusively at Tesoro.

The deal is still awaiting regulatory approval and is expected to finish before mid-2013. Monday afternoon, the price of shares in BP fell 0.27% to £ 447,35 in London, the FTSE 100 index fell 0.41% to 6335 .25 points.

Last week BP announced the sale of the gas processing plant and his Sunray Hemphill in Texas, along with gas collection systems terasosiasinya to the Eagle Rock Energy Partners for US $ 227,5 million.

BP treasures vanish two years ago because of explosions toward Deepwater Horizon rig that caused 11 workers died and millions of barrels of oil spilled into the sea. The cost of compensation for the explosion April 20, 2010 this unusually large and touted as the largest environmental disaster in u.s. history.

Last month BP again reported a loss in the quarter II due to low output, plummeting oil prices and the decline in the value of company assets to close to US $ 5 billion. Total loss after tax was BP US $ 1,39 billion during April to June, compared with a net profit of US $ 5.72 billion at the beginning of the year.

BP also faced other major Siberian Court on Russia after last July asking them to pay a fine of US $ 3.1 billion for the damage caused by oil exploration efforts in the Arctic with Rosneft.

BP does talk directly with Rosneft as Russia's largest oil company to buy its stake in the joint venture is troubled TNK-BP, which is worth billions of dollars.

(ang/ang)

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