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BP PLC is moving quickly to secure the money it needs to pay
for the spill in the Gulf of Mexico. Just weeks after promising to raise
$10 billion by selling assets, the British oil company said Tuesday it will
sell properties in the U.S., Canada and Egypt to Apache Corp. for $7 billion.
At least part of the proceeds will go toward a $20 billion fund that BP
agreed to last month under pressure from the Obama administration.
The fund will help pay cleanup costs and damages from the spill.
The Apache deal follows other actions BP has taken to bolster its cash
reserves to pay costs that analysts have said could rise to $100 billion.
It reduced capital spending by about $2 billion and suspended dividend
payments of about $10.6 billion for this year.
Originally posted by Lil Drummerboy
I notice they haven't sold or are selling yet assets in Prudhoe bay.