BP says to sell Colombian business for 1.9 billion dollars

3rd August 2010, Comments 0 comments

British oil giant BP said Tuesday it will sell its Colombian business for a total of 1.9 billion dollars (1.4 billion euros) to national oil company Ecopetrol and Talisman of Canada.

The divestment is part of BP's recently announced plans to sell off up to 30 billion dollars of assets, as it struggles with the soaring cost of the Gulf of Mexico oil spill disaster, the group said in a statement.

© 2010 AFP

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