BP PLC is initiating a advertising and marketing course of to divest its retail websites, related fleet and electrical car (EV) charging infrastructure in Austria, in addition to its stake within the Linz gas terminal.
“This determination is the newest instance of bp’s technique to reshape and focus its downstream companies”, the British power main stated in a web based assertion. BP beforehand exited the retail sector in Switzerland and Turkey and just lately initiated retail and downstream divestments in Germany and the Netherlands.
The Austria sale contains over 260 retail websites, of which about 120 are owned by BP, and the related fleet; EV charging property together with these underneath growth; and BP’s curiosity within the firm working the Linz gas terminal non-operated three way partnership. BP plans to finish the sale this 12 months, topic to regulatory approvals.
- Advertisement -
“Over latest years we’ve grown the enterprise to develop into quantity two main branded retailer available in the market”, stated Emma Delaney, government vp for patrons and merchandise at BP. “As bp now seems to focus downstream and reshape our portfolio, we imagine {that a} new proprietor might be greatest positioned to unlock the enterprise’s full potential”.
On February 6, 2025, BP introduced a advertising and marketing course of for the potential sale of Ruhr Oel GmbH-BP Gelsenkirchen (ROG), which operates in Germany and the Netherlands. Sale completion is focused 2025.
“bp wants to repeatedly handle its world portfolio as we place to develop as an easier, extra targeted, higher-value firm”, Delaney stated then.
With a workforce of about 2,000 workers, ROG’s German operations embody 2 crops in Horst and Scholven in Gelsenkirchen that kind a refining and petrochemical web site. The refinery can course of as much as roughly 12 million metric tons of petroleum a 12 months.
ROG additionally owns the Bottrop tank farm, DHC Solvent Chemie GmbH and Nord-West Oelleitung GmbH, which operates pipelines, crude tanks, tank farms and unloading factors.
Within the Netherlands ROG owns stakes in the Maatschap Europort Terminal and the NV Rotterdam-Rijn-Pijplining crude and refined merchandise pipeline.
In its newest quarterly report BP additionally stated it plans to promote its mobility and comfort enterprise within the Netherlands.
Final 12 months BP accomplished a 2023 settlement promoting its gas operations in Turkey, consisting of BP Petroleum Inc. and BP Turkey Refining Ltd., to Petrol Ofisi Group, owned by Vitol. The sale included stakes in three terminals, BP stated within the quarterly report February 11, 2025.
In 2022 BP bought its retail property in Switzerland to Oel Pool AG underneath phrases that permit the websites to proceed advertising and marketing the BP model, BP stated in a quarterly report Could 3 that 12 months.
BP didn’t disclose the monetary particulars of the deliberate and accomplished gross sales.
To contact the creator, e mail jov.onsat@rigzone.com
What do you assume? We’d love to listen to from you, be part of the dialog on the
Rigzone Vitality Community.
The Rigzone Vitality Community is a brand new social expertise created for you and all power professionals to Converse Up about our trade, share data, join with friends and trade insiders and interact in an expert neighborhood that may empower your profession in power.
