So who’s the buyer BP is eyeing (other than the ‘franchise owners’)? Russia? China? And can this sell-off be a signal that BP recognizes a ‘sinking economic ship’ when it sees one?
In case you don’t know, BP stands for ‘British Petroleum’, a company with a long history in the oil business (and politics – just ask Iran). BP gained a foothold in the US with the purchase of Amoco Oil (which had recently swallowed up Standard Oil, JD Rockefeller’s company) — PID
November 16, 2007
(AFP) — Around 9,500 jobs will be lost under the plan, but BP said it expects most affected employees to be retained by new owners. The British energy firm said 350 business support jobs would also be lost. Full Report