01 December 2011 14:29 [Source: ICIS news]
TORONTO (ICIS)--BP has agreed to sell its Canadian natural gas liquids (NGL) business to Plains Midstream ?xml:namespace>
BP’s Canadian NGL business owns or has rights to about 4,000km (2,490 miles) of pipeline systems, 21m barrels of storage capacity, and 232,000 bbl/day of fractionation capacity. Most of the assets are in western Canada.
The business being sold employs about 450 people who will transfer to Plains Midstream on completion of the deal, expected by the end of the first half of 2012, BP said.
For more on BP and other producers visit ICIS company intelligence
($1 = €0.74)
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