BP PLC (BP) expects the sale of its Texas City and Carson refineries in the U.S. to fetch in excess of $3.7 billion, the company's refining head Iain Conn said Tuesday.
BP PLC (BP) expects the sale of its
Texas
City
and
Carson
refineries in the
U.S.
to
fetch in excess of $3.7 billion, the company's refining head
Iain
Conn
said
Tuesday.
A recent refining deal between Petrochina and Ineos set the benchmark of $5,000
a thousand barrels of refining capacity,
Conn
told
reporters in
London
.
The two BP refineries, with a combined capacity of 740,000 barrels a day, are
among the most highly upgraded facilities in the world and are expected to
fetch a higher price, he said.
BP has already talked to potential buyers for
Texas
City
, but hasn't yet opened discussions for buyers of
the
Carson
plant
in
California
.
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