BP unloads stake in US pipeline unit: press
BP unloads stake in US pipeline unit: press Apr 13, 2021 11:55:am Summary by: Daniel Graeber Posted in: BP unloads stake in US pipeline unit: press Investment firm Sixth Street paid $700mn to take a minority stake in the US division of BP’s pipeline business, Bloomberg news reported April 12. Citing a person familiar with the deal commenting on condition of anonymity, Bloomberg reported that the 49% stake for Sixth Street forms the basis of a future midstream joint venture. With its headquarters in Chicago, BP’s pipeline division owns and operates just under 7,000 km of oil and gas infra...
Source: naturalgasworld.com