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News // Companies

Saudi investors ready to take 10 to 15% of BP's control

07 July 2010 , 12:45ArabianBusiness.com1165


Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British oil company BP dealing with a massive US oil spill, a Saudi newspaper said in an unsourced report on Wednesday. A delegation of Saudi investors will be heading to London for direct talks with BP, said Al Eqtisadiyah, the main buiness daily in the top oil exporter.


It did not reveal its sources or names of the investors, saying only some of the delegation members were from the energy industry. The report came as BP Chief Executive Tony Hayward was due to meet investors and UAE oil industry officials in Abu Dhabi. 

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