EnergyReader · 2026-08-03 23:20

BP Completes German Refinery Transfer to Klesch, Citing $1 Billion in Expected Cost Savings

By EnergyReader Newsroom · August 3, 2026

BP said on Monday (2026-08-03) it had concluded the transfer of its refinery and associated assets in Gelsenkirchen, Germany to Klesch Group, completing one of its largest single asset disposals since announcing a sweeping restructuring plan in February 2025.

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