BP Sells Gas Pipeline Stake to Apollo Funds for $1 Billion
BP Plc said Apollo-managed funds will purchase a 25% non-controlling stake in BP Pipelines — known as BP TANAP — for about $1 billion, marking the British energy giant's first divestment under its turnaround plan.
TANAP holds BP's 12% interest in the Trans-Anatolian natural gas pipeline, part of the Southern Gas Corridor pipeline system that carries fuel from the Shah Deniz field in the Azerbaijan section of the Caspian Sea through Turkey to markets in Europe, including Italy and Greece.
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Albo urged to go hard on Trump
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