BP sells southern Africa forecourts for £184.2m

first_imgMonday 15 November 2010 7:54 pm BP sells southern Africa forecourts for £184.2m KCS-content OIL giant BP is offloading its southern African forecourt network to international commodities trader Trafigura for $296m (£184.2m), continuing a trend of big oil companies quitting the fuel retail market.BP hopes to sell interests in forecourts and supply businesses in Namibia, Botswana, Zambia, Tanzania and Malawi to Puma Energy, part of Netherlands-based Trafigura, by next year.The disposal is thought to be part of efforts by BP to raise $25bn to $30bn by the end of 2011 to help pay for its Gulf of Mexico oil spill.Puma plans to use the assets mainly to supply regional markets but also possibly to support Trafigura’s international oil product flows.Puma chairman Pierre Eladari said it will seek more similar growth in Africa as major oil firms divest.“We provide to Trafigura access to a market that is not easy to target for a trading company,” Eladari said. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndo Sharecenter_img Show Comments ▼ whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img

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