Getting your player ready...
MOSCOW — BP raised $1.8 billion Monday to help pay for the cost of the oil spill in the Gulf of Mexico by selling assets in Venezuela and Vietnam to its own joint venture in Russia.
The transaction will leave half the assets’ equity on BP’s books but give the company an immediate flow of cash for the entire value of the sale. The agreement with TNK-BP, the joint venture, is the first major deal for BP’s new chief executive, Robert Dudley, an American who was appointed to run BP midway through the gulf disaster.
