BP plans sell global LPG bottles tank filling business

BP plans to sell global LPG bottles and tank filling business

1:13 AM, 9th February 2012
BP plans to sell global LPG bottles and tank filling business
Tufan Erginbilgic, Chief Operating Officer, Refining and Marketing, BP.

LONDON, UK: BP announced that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business. Also included in the sale are LPG storage terminals, bottle filling plants, customer lists, operating licences and logistics assets. BP intends to retain its autogas business in Europe and move it into the fuel value chains, and maintain LPG wholesale outlets to support its refinery operations.

“BP intends to remain a key player in the European LPG autogas sector and through the fuel value chains we will have a strategic fit with our forecourt fuel offer. We will also maintain LPG wholesale outlets where they support our refineries. We believe that new owners will be able to build on these good assets, and market positions to grow the business. We want to develop world class fuel value chains with an integrated offer to our customers utilising our market positions,” said Tufan Erginbilgic, Chief Operating Officer, Refining and Marketing, BP.

© WOC News



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