12 April 2024
12 April 2024
The sale also includes the Toulouse and Villette de Vienne terminals.
The seller has accepted GeoPark’s offer of around $200m (765.83bn pesos) and an additional carry of $110–120m for exploration activities.
The talks did not advance as ADNOC concluded that bp did not align with its strategic objectives.
Industry leaders are concerned that the new plan could prevent the establishment of large-scale oil and gas projects.
Total fuel demand for the 2024 financial year (FY2024), which finished at the end of March, hit a record high of 233.276 million tonnes.
The increase could lead to higher gasoline prices this summer.
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