British oil giant BP plc (BP) said it will sell its gas fields and gas pipeline in Vietnam as well as its Pakistan assets — worth about $1.7 billion — as part of its effort to raise $10 billion from divestments to cover Gulf of Mexico oil-spill cleanup costs, a spokesman for the company said Tuesday.
BP’s cleanup costs for the oil spill, the largest offshore spill in U.S. history, could reach as high as $70 billion, according to the Times.
Shares of BP were down 70 cents, or 1.93%, to $35.14 at 12:25pm ET on Tuesday. BP shares have traded between $26.75 and $62.38 over the last 52 weeks.
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