As it continues to raise funds to deal with the fallout from the Gulf oil spill, oil giant BP (BP) is set to sell a total of $1.8 billion in assets in Venezuela and Vietnam to TNK-BP.
TNK-BP, a joint venture between BP and a group of Russian billionaires, will make a $1 billion deposit by Oct. 29 and pay the rest in the first half of 2011, Bloomberg News reported.
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Continue reading BP to Sell Venezuela, Vietnam Assets for $1.8 Billion
BP to Sell Venezuela, Vietnam Assets for $1.8 Billion originally appeared on DailyFinance on Mon, 18 Oct 2010 06:28:00.
Filed Under: Energy, Company News, Green, BP