The International Resource Journal: BP preps to attract up to 10 pc investment to combat company cost of oil slick

BP preps to attract up to 10 pc investment to combat company cost of oil slick
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admin on 05 July, 2010 06:41:00
 
IRJ July 5 - Following reports of the $2 billion total it has taken so far for
BP to combat the mass oil spill in the Gulf of Mexico, the company has announced
it is looking for sovereign funds and/or rivals to acquire up to 1 per cent in
the company.
It is reported that BP is working to garner investment which could be up to
£6 billion and to date, according to middle-eastern news outlets, there is
already interest from this part of the world. Apparently BP has already received
proposals from this region; welcome news as analysts now estimate that it cost
right up to as much as $60 billion to fully-clean up the Deepwater Horizon oil
slick.