Saturday, July 31, 2010

THE SALES OF BP PETROL STATIONS IN THE EUROPEAN MARKETS COULD DISTABILIZE GAS, OR PETROL PRICES IN THE EUROPEAN MARKETS.

Bp announcement to sell its asserts, specially the thousands of petrol stations it owns in the European markets for the required amounts in billions of USA dollars for both compensation and restoration could mean higher stakes in competition for businesses in the energy field that could further distabilize the gas, or petrol prices in the European markets, despite the new CEO assurance of jobs slashing and restoration aimed at the restructuring of the company after the oil spill crisis that costed Bp several billions and much in the higher stakes of off shore deep underwater oil drilling in the USA and perhaps in many countries around the world.
Further details on when and how the required conditions for the sales of the petrol stations would be forwarded to the qualified businesses have not been specified.

Written by Godfrey Ohia.

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