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BP (BP) intends to sell its 60% stake in the Polvo field near the coast of Rio de Janeiro - the...

BP (BP) intends to sell its 60% stake in the Polvo field near the coast of Rio de Janeiro - the company's only producing oil field in the country - so that it can focus on discoveries in deeper waters elsewhere, Bloomberg reports. The divestiture would also be part of BP's strategy of selling assets following the Gulf of Mexico disaster.
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