BP may sell German gas stations for US$2.6 billion

BP last week unveiled plans to sell US$30 billion of assets — mainly upstream oil and gas fields — over the next 18 months to cover costs related to the Gulf oil spill, the worst in U.S. history.

Wirtschaftswoche said France's Total, Russia's Rosneft and Avia, an independent chain of filling stations, were among the possible buyers. Rosneft would also be interested in BP's two German refineries, it said.

Aral is the market leader in Germany where around 2,400 filling stations operate under its brand, it says on its website. BP bought the chain in 2002 as part of a larger deal with German energy group E.ON.

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