07 February 2012 10:42 [Source: ICIS news]
The LPG bottles and tank filling operations in Europe are in
BP’s LPG storage terminals, bottle filling plants, customer lists, operating licences and logistics assets will also be included in the sale, the company said.
“We expect to complete any deal by the end of 2013, subject to regulatory and other approvals,” BP said.
The company said it decided to sell the operations following a review of its LPG portfolio last year.
“It was felt that the business would offer greater opportunities for other companies wanting to invest allowing BP to continue to focus its refining and marketing businesses where it has leading market positions it can sustain and grow in the long-term,” BP said.
But the company plans to retain its autogas business in
The energy major also intends to maintain its LPG wholesale outlets to support its refinery operations.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections