Wednesday, June 1, 2011

London will save British Petroleum

The British Government is preparing a plan of action to save the British oil company BP, which fell in the extreme circumstances of the accident in the Gulf of Mexico, the site of the American newspaper Upstream. Government can help the company finances as well as helped the bank Royal Bank of Scotland (RBS) in times of crisis, resulting in the bank was almost completely nationalized, the site quotes a British newspaper Daily Mail. BP is an important support for pension funds in the UK, as of 7 pounds of dividends paid to British pensioners, ? 1 is payable BP. However, after an accident in the Gulf of Mexico dividends from the company halved. In Britain, fear the consequences for pensioners in the event of bankruptcy BP or its absorption. On Tuesday, a senior source at the UAE announced that BP is looking for support from the sovereign wealth funds (SWFs) in the Middle East and Asia to protect themselves from possible absorption after the accident in the Gulf of Mexico. BP representatives have held several talks with the GRC, including funds in Abu Dhabi, Kuwait, Qatar and Singapore, said Tuesday the source of the agency on condition of anonymity. "BP is looking for a strategic partner, not to be absorbed by the major oil companies like Exxon and Total",

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