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BP has been in sustained talks to sell its Texas City refinery to Marathon Petroleum (MPC) for...

BP has been in sustained talks to sell its Texas City refinery to Marathon Petroleum (MPC) for as much as $2.5B, FT reports. A sale of the third largest refinery in the U.S. would rid BP of the site of a 2005 explosion that killed 15 people and bring the company closer to its target of $38B in asset disposals by the end of 2013. MPC +3.2% AH.
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    BP is also in considering bids to sell 50% interest in TNK-BP and together should obtain asset sale goal.
    18 Sep 2012, 05:42 PM Reply Like
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