Thursday, December 20, 2012

BP says sells stake in China gas field to Kuwait

BP says sells stake in China gas field to Kuwait

London (AFP) Dec 19, 2012
British oil giant BP said on Wednesday that it had agreed to sell its stake in China's Yacheng gas field to the state-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) as part of a divestment programme. "BP today announced that it has agreed the sale of its 34.3-percent interest in the Yacheng gas field in the South China Sea to KUFPEC for $308 million (232 million euros) cash.http://www.energy-daily.com/reports/BP_says_sells_stake_in_China_gas_field_to_Kuwait_999.html

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