Belfast Telegraph

Gulf oil tragedy prompts BP's sale of assets

OIL giant BP has now sold £12.8m worth of its assets to help pay for the Gulf of Mexico oil disaster earlier this year after offloading its majority stake in an Argentina-based company. The group announced it had sold its 6% interest in oil and gas firm Pan American Energy to Bridas Corporation, a company half-owned by China National Offshore Oil Corporation, for £4.5bn. The sale brings BP closer to its target to sell up to£19bn of assets by the end of 211.