BP yesterday said it would sell most of its assets in Vietnam and Pakistan as it accelerates its divestments of up to $20bn worth of assets in an attempt to allay concerns over its financial health following the Gulf of Mexico oil spill.
BP has told staff and government officials in both countries that it intends to sell all its assets except its Castrol lubricants business.
In Pakistan, where it produces 173m cubic feet of natural gas a day, BP intends to sell onshore and offshore oil and gasfields, some of which are already producing, and others where BP holds the right to explore.
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