Topic Dossier
BP to Sell Gelsenkirchen Oil Refinery in Germany
First article: 19 mar. 2026, 13:20
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Last update: 19 mar. 2026, 13:20
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1 source
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1 article
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Editorial Analysis
Based on 1 source, 1 article
BP is divesting its Gelsenkirchen refinery in Germany as part of a broader strategy to reduce costs by $20 billion and transition towards more sustainable energy sources. This move signifies a significant shift in BP's portfolio, prioritizing investments in renewable energy and lower-carbon technologies. The sale marks a continuation of BP's efforts to streamline its operations and reduce its reliance on traditional fossil fuels.Articles about this topic
Foto: The Guardian
BP to sell German oil refinery as part of $20bn cost-cutting plan
Energy company plans full return to London by moving global HQ to new development on South BankBusiness live – latest updatesBP has agreed to sell its giant German oil refinery site in Gelsenkirchen to investment firm Klesch Group as part of the British oil company’s plan to sell off $20bn (£15bn) worth of assets and cut its costs.The value of the sale was not disclosed but BP said it would save the oil company about $1bn of underlying operating expenditure at the complex, which processes about
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