BP to Sell Pakistan Assets to Pay for Spill

BP said on Tuesday that it would sell Pakistan assets to United Energy Group for $775 million in cash, as it continues to raises money to pay for the oil spill in the Gulf of Mexico.
BP is selling exploration and production assets in the southern coastal province of Sindh and others in the Arabian Sea. The deal is expected to close in the first half of next year.
"Today’s agreement is further evidence of the rapid progress BP has made towards the divestment target we set out last summer," Robert Dudley, the company’s chief executive, said in a statement.
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Source: NY Times