EnergyLive Wire · AI-collected
BP Completes Sale of Gelsenkirchen Refinery to Klesch Group
- BP completed the sale of its Gelsenkirchen refinery and related businesses in Germany to independent refiner Klesch Group, finalizing a divestment first announced in March, according to the report.
- The sale is expected to reduce BP's underlying operating expenditure by around $1 billion; the refinery has crude distillation capacity of about 265,000 barrels per day, per the report.
Published Aug 3Source: Yahoo Finance ↗