BP said today that it intends to sell its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non refinery-integrated wholesale business.
Also included in the sale are LPG storage terminals, bottle filling plants, customer lists, operating licences and logistics assets.
The decision follows a review of BP’s LPG portfolio last year. As a result of the review, it was concluded that BP is not the natural owner long term of the LPG bottles and tank filling business.
BP intends to retain its autogas business in Europe and move it into the Fuels Value Chains, and maintain LPG wholesale outlets to support its refinery operations.
Commenting on the divestment, Tufan Erginbilgic, chief operating officer, Refining and Marketing said: “ BP intends to remain a key player in the European LPG autogas sector and through the Fuels Value Chains we will have a strategic fit with our forecourt fuels offer. We will also maintain LPG wholesale outlets where they support our refineries .”