Reliance Industries, Essar Oil Looking To Buy BP's Africa Assets - Report

28th Jul 2010 10:42

MUMBAI (Dow Jones)--India's Reliance Industries Ltd. (500325.BY) and Essar Oil Ltd. (500134.BY) are among companies in the race to buy BP PLC's (BP.LN) fuel retail assets in some African countries, the Press Trust of India reported Wednesday, citing industry sources. BP is selling fuel retailing assets in countries like Botswana, Tanzania, Namibia, Malawi and possibly Zambia, PTI said. Reliance Industries and Essar Oil have separately offered $400 million to $500 million for BP's assets in Africa, PTI added. Newspaper website: http://www.ptinews.com -By Mumbai Bureau, Dow Jones Newswires; 91 22 6145 6100; [email protected] (END) Dow Jones Newswires July 28, 2010 05:42 ET (09:42 GMT)