Business

BP sells assets to collect money for the cleaning process
by Zivka Deleva

Whenever a man is in a financial crises turns to what he has as a fortune and contemplates how to come out of the problems. The second stage is to sell what can so he will have money to solve the situation. The same thing happens to the British Petroleum, the most actual company in the last few months that was responsible for the biggest oil spill in the history of the mankind, that happened in the Gulf of Mexico. BP decided to sell several major assets to the Apache Corporation for about 7 billion dollars, so the British could pay for the costs needed for the cleaning of the Gulf. Another 3 billion dollars are needed for the cleaning process to be successful. In one week! the oil and gas company that operates in the US, Apache Corps. is going to give cash to the BP. The oil fields and gas processing plants in Texas and southeast New Mexico that are worth 3.1 billion dollars are among the assets that BP is selling. When you have conscience worries you must try to wash it out. That is what BP is trying to do, though it is so small part of what kind of damage is going to stay in the area around the Gulf. We should try and imagine people that live nearby, that have to stand up the bad smell and the black streets and beaches, and more of that, who is going to refund for the living world in the sea and some species that are already gone because of the disaster? By far, the company has given around 4 billion dollars for the first phase of the cleaning up of the oil. - The board believes that there are opportunities to divest assets which are strategically more valuable to other parties than they are to BP - the Chairman Carl-Henric Svanberg sa! id.

by Zivka Deleva for Cantell TV (http://cantell.tv)

Cantell TV is the fastest growing provider of digital broadcasting coupled with telecommunications, allowing people to easily control, view, upload and share digital content through proprietary interface coupled with free phone calls. Cantell TV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers.

posted by Blog TechSource @ 6:03 PM