BP Annouces Planned Asset Sale In Pakistan, Vietnam

BP has picked a pound of flesh to cleave to pay for the oil spill disaster: Pakistan and Vietnam.


The oil giant has notified governments in both countries, although it says it does not yet have buyers lined up.

Proceeds from selling the pipelines and other assets, valued at $1.7bn(£1.1bn), will go into a $20bn dedicated fund.

It looks like a relatively minor sale. Gas fields in both countries account for only 2% of the company’s yearly production, according to WSJ.

Read more: 9 Charts That Paint A Surprisingly Bright Future For BP

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