BP agrees to sell Canadian natural gas liquids business to
BP announced recently that it has agreed to sell its Canadian natural gas liquids business to Plains Midstream Canada ULC, a wholly-owned subsidiary of Plains All American Pipeline, LP Plains Midstream will pay BP a total of US$1.67B in cash, subject to customary adjustments, for the business.
BP will sell more Canadian assets to help pay for damages stemming from the Gulf of Mexico oil spill.