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NewsCommodities

BP PLC To Sell Gelsenkirchen Refinery To Klesch Group

ReutersMar 19, 2026 7:33 AM

March 19 (Reuters) - BP PLC BP.L:

BP PLC - BP TO SELL GELSENKIRCHEN REFINERY TO KLESCH GROUP
BP: PROPOSED DEAL INCREASES BP'S STRUCTURAL COST REDUCTION TARGET BY AROUND $1 BILLION TO $6.5 TO $7.5 BILLION BY 2027
BP: DEAL INCLUDES GELSENKIRCHEN REFINERY AND BOTTROP TANK FARM; DHC SOLVENT CHEMIE GMBH (A SUBSIDIARY); INTERESTS IN LOGISTICS JOINT VENTURES
BP: DEAL INCLUDES MARKETING BUSINESSES RELATED TO PETROCHEMICALS AND UNBRANDED B2B FUELS PRODUCED AT GELSENKIRCHEN REFINERY
BP: AGREED OFFTAKE ARRANGEMENTS COVERING GROUND FUELS, AVIATION FUEL AND COKE

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