Middle East investors consider BP
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Hey there, time traveller!
This article was published 05/07/2010 (5601 days ago), so information in it may no longer be current.
DUBAI, United Arab Emirates — A newspaper in the United Arab Emirates says Middle East investors are considering investing in British Petroleum despite its mounting costs from the oil leak disaster in the Gulf of Mexico.
The National of Abu Dhabi quoted unnamed “informed sources” in the region as saying the investors have submitted proposals to BP advisers and are waiting for a response.
The National is owned by the government of Abu Dhabi, the capital of the UAE.
It said Sunday the investors might consider pumping cash into BP or buying key assets.
BP spokeswoman Sheila Williams in London declined to say whether the company had been approached by investors.
She said, “We don’t comment on financial issues.”
— The Associated Press