Reliance, Essar eye BP's Africa retail operations

BP plc is in talks with India’s Reliance Industries and Essar Group to sell its African retail assets that could be worth as much as US$500 million, four sources with direct knowledge of the matter told Reuters. It was not immediately known whether BP was showing the African assets to other potential buyers. BP plans to sell US$30 billion of assets over the next 18 months to cover costs related to the worst oil spill in U.S. history. (July 29, 2010)