BP: To Sell Vietnam Gas Fields, Pipeline

20th Jul 2010 16:07

LONDON (Dow Jones)--BP PLC (BP) will sell its gas fields and gas pipeline in Vietnam as part of its effort to raise $10 billion from divestments to cover the cost of the Gulf of Mexico oil spill, a spokesman for the company said Tuesday. "We have talked to the government and staff," about the plans to sell the gas fields, which feed a power station that supplies a significant proportion of Vietnam's electricity, he said. "We will now start looking for buyers and they will start looking for us," he said. BP said earlier Tuesday it will sell its oil and gas exploration and production assets in Pakistan. -By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected] (END) Dow Jones Newswires July 20, 2010 11:07 ET (15:07 GMT)